Phase IFoundation
Background
Overview
UPSC examines India's economic policies, energy security strategies, and their impact on the external sector, balance of payments, and industrial growth. The shift from imports to domestic production reflects strategic economic planning and resource management.
India, a major global energy consumer, relies heavily on coal for its power generation. Ensuring energy security involves balancing domestic coal production with import requirements, aiming to reduce dependence on foreign sources and mitigate risks associated with global supply chain disruptions and price volatility.