India energy month in brief - Union budget takeaways

This report is currently unavailable

This report is currently unavailable

Get this Insight as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

Report summary

In this update, we analyse the energy implications of Union Budget presented by India's finance minister, Arun Jaitley, on 29 February. The annual budget is the platform where the government announces its key policy directives. Current initiatives such as the Direct Benefit Transfer scheme for household LPG consumers, auctioning of coal licences and increasing renewable capacity targets to 175 GW by 2022 were first proposed in previous years' budget sessions. Compared with the previous two budgets by the BJP government, the 2016-17 budget has noticeably fewer big-ticket announcements. The key focus this year is to achieve fiscal responsibility and channel available funds towards rural development. Most of the announcements related to the energy sector are tweaks to existing policies, That said, a number of the previously announced directives are taking shape in 2016. This report contain our key takeaways from the 2016 Union Budget.

What's included

This report contains

  • Document

    India energy month in brief - Union budget takeaways

    PDF 258.27 KB

Table of contents

    • Fiscal consolidation over growth
    • Pricing reforms to incentivise deepwater gas production
    • Government concedes to upstream operators' demands by linking production levy to oil price
    • Priority given to rural infrastructure development
    • Transport infrastructure investment drive continues
    • Another round of Ultra Mega Power Projects' bidding in the offing
    • Clean energy levy on coal increases
    • Nuclear given a budget boost
  • Conclusion

Tables and charts

This report includes 1 images and tables including:


  • India's GDP growth and fiscal deficit

Questions about this report?

  • Europe:
    +44 131 243 4400
  • Americas:
    +1 713 470 1600
  • Asia Pacific:
    +65 6518 0800