Dawn Of Small Modular Reactors In Green India

1. INTRODUCTION

The Indian economy is currently the fifth largest economy in the world calculated on the basis of nominal gross domestic product¹. As per the projections of the International Monetary Fund², if India continues to grow at a rate of more than 7% (seven percent) in the next five years, it will overtake Germany and Japan to become the third largest economy across the globe³. Furthermore, in the next few decades it may even be able to catch up with the economical might of China and the United States of America⁴. In order to reach this pinnacle of growth a key pillar which India needs is energy availability and energy security.

India annually consumes more than one gigatonne of oil equivalent⁵ of energy, and this demand has continued to grow at a rate of 7% (seven percent) per annum in the recent years⁶. Despite accounting for 17% (seventeen percent) of the global population, India consumes only 6.1% (six point one percent) of global primary energy