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Infrastructure

Question
CBSEENEC11009538
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How are the rates of consumption of energy and economic growth connected?

Solution

Electricity is one of the most critical infrastructure that determines economic development of a country. The growth rate of demand for power is generally higher than GDP growth rate. In order to have 8 percent GDP growth rate per annum, the power supply needs to grow around 12 percent annually. This show that the rates of consumption of energy and economic growth are corrected.

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