we have currently installed the power of around 700 MW only. We have huge hydropower resource of 43,000 MW but have been successful in harnessing only 1.5 percent of its potential. Besides, we do not have any known resources of petroleum products, but the consumption of these products has been increasing at a tremendous rate. In 2010, total petroleum products sales (1.2 million) increased by 27 percent but some of the products increased at a much higher rate such as petrol by 31 percent, diesel by 37 percent and LPG by 22 percent respectively. The consumption of the petroleum products is much higher in comparison with the GDP growth rate of around 3.5 percent . As per the Economic Survey of the country, import of petroleum products was just 27 percent of the commodity exports in 2001.
Now in 2011, it may surpass 110 percent (around Rs 70 billion) of the commodity exports (Rs 64 billion approximately). Because of the power cuts and other reasons such as strikes and labor problems, our industrial outputs are getting less competitive and hence, exports are stagnating at the range of around Rs 60 billion. Click here to read more
1 comment:
Where did get your numbers bro? source what?
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