International Journal of Social Science & Economic Research
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Title:
AN EMPIRICAL STUDY OF THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN INDIA

Authors:
Dr. Pradeep S. Chauhan

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Dr. Pradeep S. Chauhan
Department of Economics (UC), Kurukshetra University, Kurukshetra

MLA 8
Chauhan, Dr. Pradeep S. "AN EMPIRICAL STUDY OF THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN INDIA." Int. j. of Social Science and Economic Research, vol. 3, no. 10, Oct. 2018, pp. 5414-5425, ijsser.org/more2018.php?id=376. Accessed Oct. 2018.
APA
Chauhan, D. (2018, October). AN EMPIRICAL STUDY OF THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN INDIA. Int. j. of Social Science and Economic Research, 3(10), 5414-5425. Retrieved from ijsser.org/more2018.php?id=376
Chicago
Chauhan, Dr. Pradeep S. "AN EMPIRICAL STUDY OF THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN INDIA." Int. j. of Social Science and Economic Research 3, no. 10 (October 2018), 5414-5425. Accessed October, 2018. ijsser.org/more2018.php?id=376.

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Abstract:
Energy is central to achieve the interrelated economic, social, and environmental aims of sustainable development. The relationship between use of energy and economic growth has been a subject of greater inquiry as energy is one of the important driving forces of economic growth. This paper examines the relationship between energy consumption and Gross Domestic Product (GDP) per capita of India. It used the annual data from 1970-71 to 2015-16, obtained from Central Electricity Authority and Energy Statistics, 2016-17. Augmented Dickey Fuller test has been used to check the stationary of the variables and Granger Causality test was used to verify the casual relationship between both the variables. It has been found that Indian economy is energy dependant. This relationship suggests the policy implication that, to keep the pace of fast economic growth, efforts should be made for efficient energy use, availability of clean energy and domestic energy production.