An assessment of India’s energy landscape: 2008–13

Journal article

As the global economy spiralled into the worst financial crisis since the great Depression in 2008 (according to Nouriel Roubini, Kenneth Rogoff, and Nariman Behravesh, in a press release reported in Reuters, 27 February 2009), India seemed to be bucking the trend. A five-year average GDP growth rate of 8.6 per cent per annum (p.a.) over 2003–8, more than twice that of the world average of 3.8 per cent p.a., and a full percentage point higher than the rest of the non-OECD countries (7.6 per cent p.a.), had arguably set India up for what was expected to be a period of high growth, rivalling that of China. For a while it did appear that this promise would be realized, before India hit another roadblock in its growth story and GDP growth slowed down around 2011.

Authors: Deb, K

• Publication status: Published
• Peer review status: Peer reviewed
• Publisher: Oxford Institute for Energy Studies
• Journal: Oxford Energy Forum
• Issue: 99
• Pages: 19-21
• Publication date: 2015-03-09
• ISSN: 0959-7727
• Language: English
• Keywords: OIES