Financial Daily from THE HINDU group of publications
Tuesday, Jan 04, 2005
Financial Daily from THE HINDU group of publications Tuesday, Jan 04, 2005 |
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Industry & Economy
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Economy Energy consumption to GDP ratio falls 18 pc Sudhanshu Ranade
Chennai , Jan. 3 THE per capita energy consumption increased by 14 per cent in India between 1990 and 1997, according to figures made available by the World Resources Institute, while the ratio of energy consumption to GDP fell by 18 per cent between 1990 and 1999. The fall in energy consumption/GDP ratio for India was almost twice as much as the 10 per cent fall in the US over the same period. For China, however, the ratio is reported to have gone down as much as 46 per cent in less than a decade. As in the case of India, the per capita consumption of energy went up in both these countries over 1990-1997, though the rise for China (at 19 per cent) was far greater than in the US (5 per cent). Of course, thanks to different base-year levels, the picture looks very different in absolute terms. Per capita energy consumption in the US for 1997 was 7.96 thousand metric tonnes of oil equivalent (tmoe), compared with 0.88 tmoe and 0.48 tmoe for China and India, respectively. In comparisons of this kind one must bear in mind that to get a clearer picture one needs to separate figures for energy used in productive activity from those relating to energy used directly for consumption. But these are not nearly so easy to come by. How, for example, does one segregate productive-use from personal-consumption data from an aggregate figure reported for transportation? Be that as it may, a combination of rising levels of energy consumption per capita and falling levels of energy consumption per unit of GDP definitely falls under the category of good news.
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