Balanced
India's energy illusion: why ambitious targets mean nothing without a coherent plan
India's economy faces severe strain from soaring crude prices, revealing its heavy fossil fuel dependence and weak energy strategy. Government efforts to maintain consumer prices through excise cuts and oil company losses worsen the fiscal deficit. The author advocates raising prices, accelerating renewable energy adoption with robust balancing capacity, and promoting electric cooking. Crucially, a rapid shift of long-distance freight to railways via "Trucks-on-Train" is proposed to drastically cut diesel consumption. Urgent, consistent policy action is needed to transition from fossil fuels and bolster energy security amidst global instability.
LiveMint · mint · May 13, 2026 at 3:30 AM