Abstract
Energy resources are the drivers of modern economic development. It is a critical input in most production processes, its demand in the Indian economy outstrips its supply, and hence, its inefficient use can push input prices upwards and add to inflation. In view of its importance, the paper focusses on the temporal variations in inter- and intra-sector consumption of energy resources, temporal variations in energy efficiency of the sectors and the linkages of the energy sectors with other sectors. The energy sectors considered are coal and lignite, crude petroleum, and natural gas and electricity. The Input–Output tables of 1993–94, 1998–99, 2003–04, and 2007–08 are used. For comparison, the matrices are converted to 60 × 60 and the values are converted to constant prices at 2004–05. The results of analysis show the changing energy basket used in production, highlights the more and less energy-efficient sectors and the linkages of the energy sectors with other sectors of the Indian economy.
Contents
of Vol.20(4) December 2021 