India needs to shift towards sustainable energy sources. Wave energy, a vital source in this transition, has yet to be harnessed. India has a vast coastline, making the potential for wave power affordable. Financial incentives, innovation and public-private partnerships are needed to promote wave energy development in India
Energy is crucial to the national economy in India, and it plays a significant role in both agricultural and industrial sectors, as well as enhancing people's quality of life. However, ensuring adequate and diverse energy sources continues to be a challenge for the government and institutions responsible for energy supply and transport. Coal, oils, and gas are the primary commercial energy inputs to the Indian economy.
[This article has been reproduced with permission from the Indian School of Business, India]