Arunabha Ghosh said that no developed economy can exist without strong and self-reliant energy sources during a recent conclave in New Delhi [1].
This assertion underscores the critical link between energy independence and economic stability as India seeks to transform its industrial and social infrastructure. Without a secure energy baseline, the country risks vulnerability to global price shocks and supply chain disruptions that could stall growth.
Ghosh, the CEO of the Council on Energy, Environment and Water (CEEW), said these remarks at the ABP Network India@2047 Conclave [1]. The event focused on the strategic journey India must undertake to become a developed nation by 2047 [3], which marks the centenary of the country's independence [3].
During the discussion, Ghosh said that the transition to a developed state is not merely about GDP growth but about the resilience of the systems supporting that growth. He said that the ability to generate and manage power internally is a prerequisite for any nation aspiring to join the ranks of the world's most advanced economies [1].
The conclave brought together various leaders to shape the future of the nation, focusing on the challenges of maintaining electricity and oil supplies amidst global instability [1]. The gathering in New Delhi on June 3, 2024 [2], served as a forum for analyzing the intersection of energy security and national sovereignty.
Ghosh said, "No 'developed economy' is possible without strong and self-reliant energy sources" [1]. His remarks suggest that the path to 2047 requires a dual approach: expanding energy capacity, and reducing dependence on volatile foreign markets.
“No 'developed economy' is possible without strong and self-reliant energy sources”
India's goal to achieve developed status by 2047 necessitates a shift from energy import dependency to strategic autonomy. By prioritizing self-reliance in oil and electricity, the government aims to insulate its economic trajectory from geopolitical volatility, ensuring that industrialization is not derailed by external energy crises.
