2010: Year of India? From cinderella to superpower

Celebrated by Oscar-worthy films (The Millionaire), once the Cinderella of Asia, now in overpowering ascendancy, India looks to the year just begun as the year of breakthrough. Indeed, it is a candidate to become the leading player of the 21st century, even with a better chance than rival-friend China, the United States, and Europe increasingly in search of a political and economic identity.

In the past 12 months, the state led by Manmohan Singh has managed to. First to emerge from the financial crisis and to deploy its great potential, especially in the field of energy. But let's start from when the most populous country on the planet shifted gears.

Why it will be the year of India

In the past decade, India has experienced a true economic miracle, which has led it to be the second largest country in terms of GDP growth worldwide. A recent study (India 2039: an affluent society in one generatrion, a report by the Asia development Bank for the Emerging Markets Forum) forecasts For India a future as the world's second largest economy, predicting a shift from 2% of world GDP in 2007 to a possible and Likely stratospheric 18%, exactly 20 years from now. In order to turn these predictions into concrete facts, the current and future government (whichever one it may be) will have to realize the enormous potential for development that comes from human capital and those of the internal market by placing them within a reform of its political-administrative system.

Prominent among the challenges to be faced, and overcome, is the energy challenge.
It should be preliminarily considered that despite positive expectations, more than half (55%) of India's population today does not have access to electricity. This is a significant figure, caused both by the sharp increase in population and - above all - by the large incidence of rural areas on the territory. India is working hard on this aspect and has prepared an ambitious national energy plan.

The goal, in addition to people's enjoyment of energy, is to achieve progressive diversification of sources of supply. As of today, there is a massive presence of coal-fired power plants (a fuel in which India is extremely rich), oil and nuclear power, but the future is designed in a “green” way.
The new Plan aims to be producing 20,000 megawatts of solar power in ten years, expanding to 100,000 MW by 2030 and 200,000 by 2050. Gigantic figures, as well as planned investments of about $160 billion.

Not just “green energy” though in the Indian establishment's plans. Aiming to increase its presence in Africa, India signed a memorandum of understanding with Angola offering extensive cooperation in Angolan and neighboring oil and gas fields. The document was signed between ONGC Videsh Ltd. Indiana and Sonangol, an Angolan nationally owned company. The text outlines a framework for strategic cooperation between the two states in the oil sector, to be consolidated through investment and deep-sea exploration. The agreement was developed, specifically, in oil production, in the natural gas sector, on the construction of a refinery and modernization of existing facilities, and on the training and consulting of Indian experts.

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