Importance of Energy in growth of infrastructure, Interdisciplinary issues in Indian Commerce Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com

now why is energy important energy is
important not only because it is
required for the production process and
consumption but in economic terms why is
it important take an example of a
village there there are the people do
not have proper access to energy there
is no electricity so by the time the day
comes to an end in the evening there is
no electricity children cannot study
shops cannot be open no production
process takes place in the evening then
there is no proper fuel available for
cooking the women of the house cooks on
the non-commercial sources that are
available she uses dumb cakes and all
those things which give thick smoke
which is not healthy for the family the
whole family Falls 6 there are they
cannot earn they cannot study so
everything goes in this order this is
the problem which can be solved if they
have a proper access to energy so energy
is important for economic development
also the two go hand-in-hand economic
development and energy food both are
positively related the studies also show
that if a country wants to progress or
the economy grows at a rate of 3%
it needs the energy sector also to grow
at around 2% so it is very important it
is also important because it is used in
the production of it is a very important
part of a production process you want to
manufacture anything in industry you
need energy you need electricity so it
is important for production process and
for consumption activities also India is
a big country and it is both a major
producer and consumer of energy it is
the sixth largest energy producer and
income primer comprises of three percent
of the total world energy profile world
energy that is produced three percent
contribution is from India and similar
because the fourth largest energy
consumer five percent of the Profi
world's energy is consumed by India
now how do we get energy what are the
sources of energy
there are basically two sources of
energy there are primary source of
energy and then there is final source of
Ovaltine primary source of energy is the
one that is naturally available one word
like coal petrol gas and radioactive
elements they are naturally available on
the earth so they are far less primary
source of any energy
and then they are processed to form
another time then it is called as final
energy
another way of explaining it is that
code for example is used and processed
to make electricity so in this case coal
is the primary source of energy and
electricity is the final source of
energy all these primary sources of
energy can be used as primary source
also and final source also because they
can be used directly also to get energy
and then they can be processed also to
get another form of energy which can be
used and electricity is the only form of
energy that can be used only other as a
final source of energy so primary one
this is the thing that is naturally
available and then when in this first
test you get a secondary or final source
of energy and it is also called primary
because it can be used in that stage
also and then it can be processed and
used as a final source of energy so coal
natural gas oil and petrol and
radioactive elements they are timely and
final source as well whereas electricity
is the only source of energy that is
only final source of energy so from this
we know that energy is an important
thing that is needed for economic
development in gas and a job and as you
produce sentence you must 6 largest when
it comes to production and fourth
largest when it comes to consumption