Energy Consumption and Economic Growth Nexus in India

Abstract

This research investigates the intricate relationship between energy consumption and economic growth in India, aiming to understand how changes in energy usage impact economic development. The study delves into the causal link between renewable energy consumption and economic growth, considering factors such as capital and technology. Additionally, it explores the impact of energy consumption on agricultural economic growth, emphasizing the vital role of energy in the agricultural sector. The examination extends to assessing the relationship between electricity consumption and overall economic growth, along with sectoral growth across major Indian states, providing valuable regional insights for tailored energy strategies. Furthermore, the research extends its purview to unravel the nuanced impact of energy consumption on agricultural economic growth. Recognizing the indispensable role of energy in the agricultural sector, the study accentuates the pivotal contribution of energy dynamics to the overall economic landscape. This emphasis underscores the significance of aligning energy policies with the unique needs and challenges of the agricultural domain, crucial for fostering balanced and sustainable economic growth.