India’s Global Position Growth – Thanks To Modi Government

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India’s Global Position Growth – Thanks To Modi Government

In the past 3 years since the Modi government has taken over, what have we done? It wouldn’t raise many eyebrows if one said, evolved.

Elaborating the development that took place during the last two years, India has moved up to the 26th spot in the World Bank’s electricity accessibility ranking in 2017 from the 99th spot in 2014, accelerated largely by the government’s rural electrification program in the last three years since it came to power.

Overall energy shortage has come down to 0.7% at present from 4.2% in 2014.

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Piyush Goyal, coal renewable energy and mines minister claims that the mood and problems that had set India back for many years have changed now, indicating progress. India is taking rapid strides in terms of commitment and targets promoting energy conservation and efficiency.

The power prices that rose every year have halved the rate at which they hiked every year and also India’s position in global ‘ease of getting electricity’ ranking has gotten better. The amalgamated annual growth in power prices in the 2014-2016 period established at 3.27% against 5.94% through the last 10 years between 2004 and 2014.

Moving onto the total power capacity, it has increased by nearly a third (31%) from 243GW in March 2014 to 320 GW in March 2017. Despite the Modi government’s plan to set up 175 GW green power capacity by 2022, conventional power generation capacity has already increased by 26% from 214 GW in March 2014 to 270 GW in March 2017.

Traditionally India’s stand has been what the world was ready to do to help us go green. Finally, we are able to tell the world that we will do whatever it takes to improving our pollution levels to meet the challenges of climate change, irrespective of what the world does. We have finally been able to make solar tariff go below grid parity… India’s leadership position in green energy will new benefit the world,” said Piyush Goyal who sounded quite elated while comprehending the PM’s energy plans for the country.

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