Why buy this report?
As India’s election season begins, go beyond the headlines to get our expert analysis on how a majority government win could impact India’s energy sector. We unpack the effect of energy reforms so far and provide a close analysis of what more can be done to stimulate demand for coal, gas, oil and renewables.
3 ways a majority government could impact India's energy sector:
- Continuing policy reforms under a majority government are likely to boost GDP growth
- Better GDP could lead to an increase in energy demand
- The government has set targets for wind and solar capacity growth by 2022. Re-election would see a continuation of this support for renewables.
India’s incumbent Bharatiya Janta Party (BJP)-led government came to power in 2014. As the first majority government in 30 years, it had much freedom to enact sweeping policy reforms. And while the past five years have seen major policy changes, it can be argued whether these reforms were as extensive as they could have been. With the 2019 elections now off to a start, we address the effectiveness of some of these reforms and analyse what a second term for a majority government could deliver for the energy sector. Read this insight to find out: • What were some of the key macroeconomic policy changes? • How did the energy sector perform? • How did policy support and implementation or the lack of it, aid or hamper demand for commodities and power? • How will the outcome of the 2019 elections impact our energy demand forecasts?