An energy security index for India
As India’s energy demand is propelled by the needs and aspirations of its billion plus residents, concerns about India’s energy security have risen on account of increasing energy import dependence. At the same time, energy security should also be seen in the wider context of India’s unique challenges that must include a view on access, affordability, and environmental sustainability. In this regard, Shakti in collaboration with McKinsey & Company designed and developed an India-specific, customized energy security index that defines energy security as “reliably providing energy access to all citizens in an economically viable and environment sustainable manner”. The index consolidates four broader aspects or sub-indices: reliability, economics, access and sustainability, covering all aspects of India’s energy challenges.