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This paper investigates the relationship between financial development and access to electricity for rural and urban India by incorporating economic growth, trade, and foreign direct investment in energy production function. In doing so, we have applied autoregressive distributed lag bounds testing to examine long run cointegration between the variables by accommodating structural break(s) stemming in the series. Our empirical results indicate the presence of cointegration association between access to electricity and its determinants. We note that financial development enhances access to electricity in rural India but declines it in urban India. Economic growth has positive effect on access to electricity. Trade openness and foreign direct investment lower access to electricity in rural India. In urban India, trade openness and foreign direct investment increase access to electricity. The association between financial development and access to electricity is inverted-U shaped for rural and urban India. This paper would present new policy direction for Indian government to enhance access to electricity by using financial development as an economic tool. • Financial development and access to electricity have a strong linkage. • In India financial development enhances access to electricity in rural area but has adverse effect in urban area. • Rise in economic growth of India has increased the access to electricity. • Growth of Trade Openness and Foreign Direct investment increase access to electricity. [ABSTRACT FROM AUTHOR]

Abstract: India’s aspiration for economic growth has consequences for energy growth and CO2 emissions. This paper examines India’s need for energy with 20 year perspectives. From an earlier paper by K. Parikh et al. (2009), demand scenario are examined from the supply perspectives ranging from coal, hydrocarbon, nuclear, hydrogen, hydro and other renewable etc. None of these are substantial and India will have to rely on imports. The need for energy has to be reduced by a drive for energy efficiency and renewable energy. Government programmes for the above are also commented upon. Though India’s CO2 emissions are unlikely to grow very much due to energy scarcity and energy mix the article examines the potential to reduce CO2 emissions and the associated costs involved in various options. It finds that 30% reduction in CO2 emissions by 2030 is feasible but would involve additional costs. The most promising option is to reduce energy demand by various measures to increase energy use efficiency in production and consumption. [Copyright &y& Elsevier]

Abstract: For India, sustainable strategy means one that is economically, environmentally and socially sustainable. This calls for rapid economic growth to deal with poverty and human development. However, the relatively meagre energy resources of the country pose a huge challenge. At the same time concern for climate change has raised the bar on the use of the one energy resource that India has in some abundance, namely coal. India''s strategy for sustainable development has to explore all options of reducing energy needs, enhancing efficiency of use of conventional energy resources and develop new and renewable sources. The paper identifies various technical options, their potential roles and alternative policy measures to realize them in a cost effective manner. Even for the same objectives different policy instruments are available and how one chooses a particular instrument is often critical for the success. Self-implementing incentive compatible policy that does not create vested interests that would get entrenched should be preferred. [Copyright &y& Elsevier]