Why should invest in energy theme through mutual funds [Video]

India is one of the fastest growing economies in the world, with a population of over 1.4 billion people and a huge demand for energy. Under the Atmanirbhar vision, India’s energy sector is undergoing a major transformation, as it seeks to provide dependable, affordable, and sustainable energy to its citizens, while also reducing its carbon footprint and improving its air quality. By announcing incentives for the green energy segment, the interim budget for 2023-24 also touched upon this vision. 

Potential For Growth

Sample this. India’s per capita energy consumption is one-third of the global average. On the contrary, China’s consumption is 4.4 times of India. Even peers like Thailand, Indonesia and Vietnam are also at 2.75x, 1.4x and 1.8x of India. Energy consumption in an economy is directly linked to economic growth. With India expected to be the third largest economy in the world, its per capita energy consumption could also witness rise …