Energy consumption influences the level of living and quality of
life of masses in a significant way, which ultimately matters a lot
for overall economic development. We have analyzed the well
established relationship between energy consumption and economic
development in the context of fifty six countries, including India,
and have done some econometric modeling on the influence of energy
consumption on economic development. Human Development Index (HDI)
has been taken as a representative of economic development. HDI has
been calculated on the basis of important variables representing
overall economic development as per UNDP methodology. We have also
made an attempt to recalculate the HDI, taking energy consumption
as an additional variable along with existing variables (as per
UNDP methodology). We have also made an attempt to forecast the
energy demand for India, mix of various sources of energy and
India's reliance on imports of crude oil and coal in year 2025.
This work will be useful for academia, researchers, policy makers
and students of energy studies.
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