Abstract Paper

Journal of Social Sciences and Management Research

Title	: A STUDY ON INDIA’S OIL IMPORTS AND ITS IMPACT ON GREEN ECONOMIC GROWTH
Author(s)	: S. John Sundar
Article Information	: Volume 03 - Issue 02 (December- 2018) , 53-61
Affiliation(s)	: Assistant Professor, Department of Economics,
	: Sacred Heart College (Autonomous), Tirupattur.

Abstract :

This study examines whether energy fuels economic growth or vice versa in the Indian context. Also the study suggests that it is the economic growth that fuels more demand for both crude oil and electricity consumption and it is the only growth of coal consumption that causes economic growth. When influence of different components of energy on major two components of economic growth is tried with same causality test, none of the components of energy found to be significantly influencing the components of economic growth viz. private consumption and private investment. However, on the basis of application of statistical tools, the study with little more conviction could suggest for reducing oil and natural gas consumption for achieving higher rate of economic growth in the economy.

Keywords	: Energy Consumption, Economic Growth, Economic Development
Document Type	: Research Paper
Publication date	: December 10, 2018