Clubbing energy efficiency with renewable energy will give us the much-needed window to incubate the renewable energy sector, particularly large solar, without having to increase the price of electricity.
Industry looks at research and development for energy efficiency, lowering material costs, so on and so forth.
Infrastructure projects create a lot of demand for material, services and manpower. It is a chain reaction; if the infrastructure growth slows down, it will hit overall demand. The supply side has to keep increasing to sustain growth.
Government should concentrate on building up infrastructure and skill development. Simplification of taxation is another important area.
Economic growth can enable development if it is supplemented by public policies that encourage circulation of wealth, especially into crucial areas such as public healthcare and education.
