India, Jan. 11 -- As India approaches its much-awaited Union Budget season, the American intervention in Venezuela serves as a sobering reminder. Ultimately, we depend on imported energy, chiefly oil, to fuel our economic engine. It is no surprise that we have aggressively adopted renewable energy, especially solar energy, for electricity generation. However, the inescapable conclusion is that a third of India's electricity is still generated from oil and gas today.

India's energy import dependence may reach an alarming 51% by 2030. With rising per capita incomes, per capita energy consumption rises too, with data centres and artificial intelligence infrastructure being particularly energy intensive, energy requirements will be greater t...