India's energy policy not aligned with manufacturing goal
India needs to act fast in key areas like phasing-out of fuel subsidies, reduction in state electricity board’s commercial losses and investment in energy and power infrastructure if it has to speed up its economic growth momentum. The current climate of policy complacency on the energy front is not conducive to the country’s long-term growth objective. Despite being heavily dependent on imports for meeting its petroleum products requirements, natural gas and coal, the country is subsidising its energy consumption in a big way.