There is a problem in India's GDP growth that gives an interesting insight to the way economies develop and how we must think. According to the Energy Information Administration, India has a population of 1.2 billion people and is growing, 40% of those people are not connected to the electric grid and 75% of Indians in rural communities use wood as their primary fuel. India's per capita energy consumption is 700 kilowatt hours; America's is 14,000.
India's annual growth rate is 8% and has been creating and developing a viable middle class. How much energy growth will be necessary in the next 5-10 years to support a continuing 8% annual growth? In other words, how much energy growth must India develop to prevent stifling their economic growth?
350,000 megawatts. To put that in context, the American grid, total, is 1,000,000.
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