Coal Sector in India - Statistical Review

1
Coal Sector in India
Introduction Energy is a necessity for satisfying
human consumption needs and well being. It has
been the key driver of global economic growth
over the last two centuries. The conventional
sources of energy include coal, oil, natural gas,
hydro and nuclear power. In recent years there
has been an increased focus on switching to
energy generated from renewable sources such as
solar, wind, biomass etc. In 2012 the global
consumption of primary energy increased by XX
over the previous year to XX million tons of oil
equivalent (mtoe). With a rapidly growing economy
, India's energy consumption is increasing and
will continue to do so for the foreseeable
future. After growing by XX in 2007-08 the
Indian economy managed to register
a growth of only XX in 2008-09. However, the
economy bounced back in response to the stimulus
measures
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Coal Sector in India
undertaken by the government and recorded XX in
2009-10 and XX in 2010-11. The next two years
were again disappointing with a growth of XX in
2011-12 and advanced estimate for 2012-13 pegged
at XX. he lower growth of the last two years sho
ws that the economy is still not running on its
own steam. The prognosis for the near future is
still very cautious but the medium to long term
scenario is optimistic. Even the current rates of
growth are high when compared to that of many
developed countries and the higher growth of the
coming years will bring about a huge rise in
demand for energy. In the "Approach to the Twelft
h Five Year Plan 2012-17" the Planning Commission
has looked at two alternative targets for
economic growth in the Twelfth Plan. The first
target is XX growth, which is a restatement of
the Eleventh Plan target (that in
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Coal Sector in India
all likelihood will not be achieved) and the
second target is an even higher XX. The
commission points out that in order to achieve
the XX target there must be a significant
acceleration of growth in agriculture,
electricity, gas and water supply besides
manufacturing. The XX target would require a
faster growth in all the above sectors with an
especially large expansion in the energy sector
where the supply constraints are severe. Even for
lower growth targets the energy consumption needs
will continue to be high as shown by the
energy-GDP elasticity below. As per BP Statistica
l Review of World Energy, India's total
commercial primary energy consumption in 2011 was
XX mtoe. This was XX of the global consumption
and XX higher than what India consumed in 2010.
In comparison to several other developed and even
developing countries,
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Coal Sector in India
India has a low per capita consumption. With
rapid growth in the Indian economy the energy
demand is set to grow significantly in the coming
years. A look at the historical experience of
several countries around the world shows that the
current stage of economic development being
experienced by India is driven by energy
consumption and any growth and expansion requires
a higher level of energy consumption.
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