What is the significance of energy?
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The most important factor which can act as a constraint on economic growth of a country is the availability of energy:
- There is a direct correlation between the degree of economic growth, size of per capita income and per capita consumption of energy.
- Energy is an essential input for all productive and economic activities like agricultural, industrial and service sectors providing services of banking, telecommunication, communication, etc. Energy is used for non-commercial purposes also for lighting, heating and cooking, etc. More than 60 per cent of Indian households depend upon different sources of energy for their regular needs.
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