India, China locked in energy game

In the words of Indian Prime Minister Manmohan Singh, “China is ahead of us in planning for its energy security – India can no longer be complacent.” These words conveyed the sense of urgency that India holds over meeting its energy needs.

India is playing catch-up with other major players in the global energy game. This realization has not come a moment too soon, given the advent of rising oil prices, India’s unprecedented growth levels, lack of energy-efficient technologies and reliance on energy-heavy industries for its development.