India Is Fostering a Solarized Digital Future
- Mar 23, 2020 10:37 pm GMT
This item is part of the Special Issue - 2020-03 - Innovation in Power, click here for more
India is fostering a digital future via Prime Minister Narendra Modi’s “Digital India” initiative: A national blockchain strategy that includes quantum computing, machine learning and artificial intelligence as digital technologies become the primary platform for economic activity and growth.
The IMF and the World Bank have forecasted that India’s GDP will grow at the rate of 7%–8% for the next few years, driving a rapid rise in its hydrocarbon-fueled energy demand tied to growing urbanization, rising incomes and a steadily increasing population. Studies suggest that India’s share of total global primary energy demand is set to roughly double to around 11% by 2040. This has emerged among India’s most formidable challenges to sustained GDP growth.
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