Connecting for energy? india's negotiation for space in central asia
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Date
2014
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Publisher
Central University of Punjab
Abstract
The present research aims to examine the role of energy demands in determining the contours of India's new 'Connect Central Asia' policy. In a world of accelerating energy needs, possession and non-possession of energy sources are determining factors of the global economy of energy with significant impact on international relations and global peace. According to Exxon Mobil World Energy Outlook 2013 the world's population will rise by more than 25 percent from 2010 to 2040 which means growing mobility requirements and energy demand. The rising living standards of the people will also impacts energy demands. These dynamic changes demand understanding of political economy of global energy crisis as a whole and how it has become a strong factor in foreign policy initiatives. The plan of the present research is to contextualise India's energy crisis in the political economy of global energy crisis and investigate how far it is factored in its new found interest in Central Asian countries. Though, India accounts 2.49 per cent of world's annual energy production, its consumption accounts for 3.45 per cent of the global consumption. Its increasing population and enormous growth of middle class is posing a challenge to India in this regard. The research presumes that due to the insecure and unstable supply from the Middle East, India's 'Connect Central Asia' policy has a strong energy angle factored into it.
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Keywords
Political Economy, Energy Security, Middle Class, Geopolitics, OECD and non-OECD
Citation
Singh, Sandeep (2014) Connecting for energy? india's negotiation for space in central asia.