You are here

Blessy asked: What factors affect India’s energy security requirements? How do these factors affect India’s national security?

  • Share
  • Tweet
  • Email
  • Whatsapp
  • Linkedin
  • Print
  • Shebonti Ray Dadwal replies

    1. India is dependent on fossil fuels to meet its growing demand, in which it is deficient. Despite the effort to enhance domestic production, dependence on imported resources continues to increase. Hence, India needs assured access to imported energy supplies. Therefore, energy diplomacy is important to gain access to not only supplies, but also overseas assets, for which strong bilateral relations are required to gain preferential access to both. Moreover, gas is still a largely regional market; hence, gaining access to gas supplies will also depend on the attractiveness of the Indian market and relations with supplier countries.

    2. Since renewable energy resources is a growing market, both for energy security as well as climate change considerations, access to new energy related technologies is important. The R&D investment in India remains modest at best, if not poor. At the same time, India needs to negotiate with developed countries with requisite cutting edge technology to gain access to the same at affordable prices.

    3. India needs to create an attractive investment climate to woo foreign companies in the energy sector across the board. With the current subsidy regime that is prevailing, many companies/countries are wary or unwilling to invest in the energy sector. Hence, sensible pricing policies that can promote economic partnership with countries that have energy resources and technologies are required.

    4. Without adequate and affordable energy supply, as well as a good delivery system to ensure that modern forms of energy are accessible to undeveloped areas, India's economic growth will not be sustained and/or will remain skewed. This can lead to instability in the poorer and less developed parts of the country. Areas that are most affected by political instability today are the ones that are largely under-developed.

    5. If India wants to be counted as an emerging economy with global influence, it will have to ensure that its economic growth is sustained. One of the main components of economic growth is energy security, without which the infrastructure will remain stunted.