South Asia Monitor: India's Energy Dilemma - September 07, 2006
September 7, 2006
India's rapid economic growth has made it the second fastest-growing energy market in the world. Its domestic strategy for dealing with this raises painful questions about efficiency and fiscal soundness. Its international strategy involves a relentless push to diversify suppliers, increase India's equity stake overseas, and try to avoid destructive commercial competition with China. In some cases, this has produced foreign policy differences with the United States that will require careful management on both sides.