Role of Energy in the Growth of an Economy
Economic growth of any country depends largely upon its energy sector. Energy is the oxygen and lifeblood of the economy. With the invasion of globalization and liberalization, its role has evolved in much wider terms. Infact LPG wouldn’t have succeeded without energy. Without heat, light, and power you can’t run factories and machines. The amenities you enjoy today are the gift of energy. Without it, you wouldn’t have been able to live a comfortable life. With the increasing value of this sector, there are lot of job opportunities that are being created in this sector. Thus, the direct impact has been on employment. Here are some types of jobs are generated by energy sector. Direct jobs - In direct jobs, people are supposed to produce and deliver energy goods and services to consumers. Indirect jobs - It states the positions that are created in industry to supply energy industry with goods and services. Induced jobs - When people spend their income and create d...