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India's Looming Power Crisis and the Way Forward: An Ode to Sustainability

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  • Sovik Mukherjee

    (Shri Shikshayatan College, Kolkata, India)

Abstract

The quantum jumps in the size of energy demand and acute power shortage in India means that it is high time to tap the non-conventional sources like wind, solar, biomass energy, etc. In this backdrop, the objective of the paper is to construct a Power Generation Deprivation Index (PGDI) to bring to the surface the issue of the looming power crisis. Given the inter-state variability among the focus variables considered coupled with the multicollinearity issue, made the author to use Principal Component Analysis (PCA). Also, a theoretical framework has been designed to show how the power usage over time can be derived but the empirical estimation of this framework is not a part of this article and has been left for further research. The findings validate the existence of a looming power crisis in India and finally the policy implications based on sustainable management of non-conventional sources of power have been discussed.

Suggested Citation

  • Sovik Mukherjee, 2017. "India's Looming Power Crisis and the Way Forward: An Ode to Sustainability," International Journal of Sustainable Economies Management (IJSEM), IGI Global, vol. 6(1), pages 64-81, January.
  • Handle: RePEc:igg:jsem00:v:6:y:2017:i:1:p:64-81
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