Roadmap for Answer Writing Introduction Define nuclear energy and its relevance to India’s energy landscape. Brief mention of India’s current energy crisis and the need for diversification. Current Role of Nuclear Energy Discuss its contribution to the energy mix (current capacity, future goals). Highlight its significance ...
AI’s Impact on India’s Economy and Workforce Artificial Intelligence (AI) offers transformative potential, with the ability to contribute $957 billion to India's economy by 2035. India leads in AI adoption, with 58% of companies implementing AI, surpassing other countries like the U.S. and China. AIRead more
AI’s Impact on India’s Economy and Workforce
Artificial Intelligence (AI) offers transformative potential, with the ability to contribute $957 billion to India’s economy by 2035. India leads in AI adoption, with 58% of companies implementing AI, surpassing other countries like the U.S. and China. AI’s integration promises productivity gains, with sectors like retail and telecom benefiting the most.
Challenges to Traditional Sectors
- Job Displacement: AI could replace jobs in manual and routine-based industries.
- Skill Gaps: There’s a shortage of AI-trained professionals to implement these technologies.
Mitigation Strategies
- Skill Development: Focus on reskilling and upskilling the workforce to adapt to AI-driven jobs.
- Policy Support: Government-backed initiatives like “Digital India” can enhance AI adoption while managing job displacement.
By addressing these challenges, AI can accelerate India’s economic growth without compromising livelihoods.
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Model Answer Introduction Nuclear energy is a pivotal component in addressing India’s escalating energy demands, providing a reliable alternative to fossil fuels. With the current energy crisis characterized by over-dependence on coal and volatile fossil fuel markets, the role of nuclear energy in dRead more
Model Answer
Introduction
Nuclear energy is a pivotal component in addressing India’s escalating energy demands, providing a reliable alternative to fossil fuels. With the current energy crisis characterized by over-dependence on coal and volatile fossil fuel markets, the role of nuclear energy in diversifying the energy mix becomes increasingly crucial.
Current Role of Nuclear Energy
As of now, nuclear energy contributes merely 1.6% to India’s total energy generation. However, ambitious plans aim to increase this capacity from 7.5 GW to 100 GW by 2047, with the goal of supplying 25% of India’s electricity by 2050. This transition is essential for mitigating climate change impacts and ensuring energy independence, as nuclear power emits near-zero carbon dioxide.
Challenges Faced by the Nuclear Sector
Despite its potential, India’s nuclear sector grapples with several challenges. Firstly, its limited share in the energy mix highlights a sluggish expansion, with current capacities far below targets. Financially, nuclear projects require substantial capital investments, which deter private and foreign investments due to long gestation periods and regulatory bottlenecks. Additionally, reliance on imported uranium exposes the sector to geopolitical risks, while safety concerns stemming from past incidents like the Fukushima disaster fuel public opposition. Bureaucratic inefficiencies and outdated technology further exacerbate project delays, and the absence of a long-term radioactive waste disposal solution raises environmental concerns.
Policy Reforms Needed
To revitalize the nuclear sector, several policy reforms are necessary. Enhancing private sector participation by amending the Atomic Energy Act can facilitate investment and innovation. Fostering indigenous technology through public-private partnerships will reduce reliance on foreign technology while streamlining regulatory processes by establishing a National Nuclear Energy Authority can expedite project approvals without compromising safety. Financial support through Sovereign Green Bonds can alleviate high capital costs, while extensive public awareness campaigns can help build trust and reduce opposition.
Conclusion
In conclusion, nuclear energy holds immense potential for enhancing India’s energy security and supporting sustainable development. By implementing comprehensive reforms to address the existing challenges, India can unlock the full potential of its nuclear energy sector, thereby contributing to a cleaner, more resilient energy future.
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