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This is great news! India is extremely energy deficient and imports a large quantity of oil. Reducing petroleum dependency can help reduce poverty in India as m
by simula67 7y ago
This is great news! India is extremely energy deficient and imports a large quantity of oil. Reducing petroleum dependency can help reduce poverty in India as more production can be consumed domestically and not sent abroad.
- vmurthy 7y agoThat’s one way to look at it. Unfortunately, Indian banks have been granting billions of dollars of loans to the coal sector[1] and if solar power cost drops and we can’t export excess power, we’re in for trouble . Talk of second order effects .. [1] https://mercomindia.com/public-sector-banks-loans-coal/ https://mercomindia.com/public-sector-banks-loans-coal/