Abstract: The work studies the nexus of economic growth and energy resources, (coal in particular) for a Sustainable future of the Indian economy. The work makes use of a secondary data. In this regard, we use GDP as a measure of Economic Growth, Coal – (coal consumption, production, total availability and the amount of coal used for power generation) for Energy Resource. Looking into all the available data and studying the various aspects of the same, here we are going to go ahead with quantitative research followed by descriptive and analytical form of research and also the data would be put through the statistical test (Granger Causality Test) for the final analysis of the study.
A comprehensive study regarding the economic growth of Indian economy since Independence and the role of coal towards the same is dealt upon in the second chapter. Through the historical review and also based upon the statistical test done, we see that there is a nexus between economic growth and that of coal as an energy resource, thereby its impact on ecology is no longer on the path of Sustainable Development.
The work highlights the fact that over-dependence on coal and other non-renewable energy resources can cause long run damage to the economy. This brings in the need to shoulder upon other alternative renewable energy resources to meet our energy demands.
Indian government needs to change its development strategies as well as step up their policies and take strict actions for a sustainable future.
Keywords: Economic Growth, Energy resources and Sustainable Development.
Title: Economic Growth and Energy Resources for a Sustainable Future, (A Study Of The Growth Of The Indian Economy And Its Nexus With That Of The Energy Resources For A Sustainable Future)
Author: M. Karan Nahar
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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