International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
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IMPORTANCE OF ENERGY AND POWER SECTOR IN ECONOMIC DEVELOPMENT AN INDIAN PERSPECTIVE
1 Author(s): DR. MADHUBRATA SATPATHY
Vol - 6, Issue- 8 , Page(s) : 42 - 46 (2015 ) DOI : https://doi.org/10.32804/IRJMST
Energy is an important input for economic development and power sector is an indispensable infrastructure in any economy. Providing adequate and affordable electric power is essential for economic development, human welfare and better standard of living. The demand for power in a developing country like India is enormous and is growing steadily. In spite of massive addition in generation, transmission and distribution capacity over last eleven Five-year plan periods, growth in demand in power has always exceeded the supply capacity augmentation. The growth of the economy and its global competitiveness hinges on the availability of reliable and quality power at competitive rates to all consumers at all places.