India’s dependence on fossil fuels is no longer just an energy import challenge but a broader economic risk, according to a new study by the Council on Energy, Environment and Water (CEEW). The report highlights that volatility in global fuel markets can impact inflation, industrial competitiveness, fiscal stability, and overall economic growth.
The study notes that rising geopolitical tensions, supply disruptions, and fluctuating energy prices increase vulnerabilities for an economy heavily reliant on imported fossil fuels. These risks extend beyond the energy sector and can affect businesses, households, and government finances.
Researchers emphasize the need to accelerate investments in renewable energy, energy efficiency, and domestic clean-energy infrastructure to strengthen long-term energy security. The findings underscore the growing link between energy policy, economic resilience, and sustainable development in an increasingly uncertain global environment.
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