Financial Daily from THE HINDU group of publications
Wednesday, Dec 07, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Economy


`Indian economy on take-off stage with demographic bonus'

Our Bureau


Mr Albert Bressand (left), Vice-President, Global Business Environment, Royal Dutch/Shell Group of Companies, with Mr Vikram Singh Mehta, Chairman, Shell Companies, India, in the Capital on Tuesday. - Kamal Narang

New Delhi , Dec. 6

PRESENTING a bullish picture of the Indian economy, the Vice-President, Global Business Environment, Royal Dutch Shell Plc, Mr Albert Bressand, said India was on a take-off stage, as China was a decade ago.

"India is no longer on the pitch with weaker nations. It is playing at the centre and shaping global developments. India is one of the pillars of well-functioning systems," he said. "India would enjoy demographic advantage over Europe, China and Japan, which would have a large ageing population. India would have a demographic bonus with an increasing population in 20-year-plus age bracket," he added.

.

The global scenario: The Shell Global Scenario highlights three different ways in which market incentives, the quest for security, and aspirations for social justice and cohesion could interact in next two decades, Mr Bressand said, adding that "the future energy scene will be heavily influenced by these different combinations of market, geopolitical and social forces."

Energy security: On energy security, the Shell Global Scenario said that it would remain a key consideration, potentially leading to more politicised energy relations and creating sources of tensions among countries and opportunities for entrepreneurship and co-operation.

Ambiguity would persist as to what the term `energy security' covers: physical supplies could be threatened by rising international insecurity and by depletion of supply sources. Insecurity can also result from the lack of investment in enhanced recovering of existing resources, in new energy sources and/or in infrastructure, he said.

The Shell Global Scenario also touches upon three contrasted approaches for energy security — in low trust globalisation, in open doors and in flags. In low trust globalisation, energy security is achieved through proactive policies seeking to diversify supply and to reduce vulnerability to external shocks.

In open doors, the essential trade off in energy policies is between fostering the provision of sufficient energy at affordable prices to end-users, and working towards the clean and safe environment that global and local communities tend to support. Energy security in flags might be seen as less of a problem in light of the lower growth in demand, it said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

More Stories on : Economy



Stories in this Section
Bay system turns depression, churning fast to the coast


Funds from USO for non-conventional energy — DoT to `power' rural expansion
EPFO may go in for interim interest rate
China's appetite for commodities far from satiated
`Indian economy on take-off stage with demographic bonus'
Gates to support vaccine development programmes
New packaging, labelling norms for tobacco products soon
District-wise action plan to tackle AIDS in AP
For a smooth ride
IOC moves up 5 places in Platts ranking
Post-privatisation of distribution circles — Karnataka Govt to discontinue guarantees for power projects
KSEB pegs revenue gap at Rs 302.7 cr
Service tax collections on target
BJP-ruled States to decide on VAT on Dec. 12
Govt notifies FII/NRI investments in news channels
IPE meet focuses on management information systems
`Be prepared to meet global challenges'
`No solution? Then you're a part of the problem'
Global TB Vaccine Foundation to set up TB lab in Chittoor
Embassy group eyes Gordon Woodroffe property in Chennai
Indo-German Chamber to widen network
German textile machinery industry bets big on India
`Widen list of textile machinery eligible for 5% import duty'
Joint venture investment in textile machinery favoured
New scheme for women scientists next year
New year may see US studios entering India
Bollywood scripts success stories in 2005
`Most cinemas in TN need to be upgraded'
S&P keeps India's rating below investment grade
Niche foreign retailers have big plans for India
CII for lower tariff cuts by developing nations
Kamal Nath to lead Indian team at WTO meet
UP blazes new trail with sugar industry promotion policy
Property exhibition at Kochi
Donation from DRDO
Tax exemption with riders for profit from DEPB licences — Amendment Bill introduced in LS; provisions a let down, say exporters
30 pc chilli output dip may hit oleoresin sector
Kerala Tourism Web site redesigned
Troubled waters
Water-proof
Corporates under watch for tax evasion
AP Govt orders probe into `irregularities' in Kuppam project


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line