Geographicalnotes

Several indicators measure the economic factors that contribute to a society's level of development. These measure include- 1.       Gross Domestic Production (GDP) 2.       Gross Value Addition (GVA) 3.       Purchasing Power Parity (PPP) 4.       Gross National Product (GNP) 5.       Index of Industrial Production (IIP) 6.       Wholesale Price Index (WPI) 7.       Producer Price Index (PPI) 8.       Consumer Price Index (CPI) 1.Gross Domestic Production (GDP): GDP is a monetary measure of the market value of all the final goods & services produced in a economic year in a country.                      GDP = Consumption + Government Expenditure + Investment + (...

Future scenario of Renewable Energy Resource in India: The Indian Government has increased the target of renewable energy capacity to 175 GW by the year 2022, which includes 100 GW ( gigawatts) from solar, 60 GW from wind, 10 GW from bio-power & 5 GW from small hydro-power. Source 2022 Target (GW) Solar 100 Wind 60 Bio-Power 10 Small Hydro-Power 5 Future Scenario of Solar Energy:       Solar power in India is a fast developing industry.       The country’s solar installed capacity reached 29.55 GW as of 30 June 2019.       India has become globally the lowest cost producer of solar power.       The Indian Government has increased the target of renewable energy capacity to 175 GW by the year 2022, which includes 100 GW from solar. Advantage: Advantage of using solar energy is its eco-friendly nature. It does not release CO 2  and o...

Introduction: India's  share of energy consumption stands at 3.5% of the world's global energy consumption and is likely to be 10% by 2031.  The total energy generation was 1048 Billion Units and for the 12th plan period (FY 13-17), the Government of India has targeted capacity addition of 88,537 MW. Aims: Uninterrupted availability of energy sources  at an affordable price. Long-term energy security  deals with timely investments to supply energy in line with   economic developments and environmental needs. Short-term energy security  focuses on the ability of the energy system to respond   promptly to sudden changes in the supply-demand balance. Challenges for India’s Energy Security:      Policy Challenges:        i.           Failure to attract international investment  in domestic hydrocar...