Impact of Renewable Energy Production on Indian fiscal Deficit

India is one of the most populous countries in the world, and along with this comes high energy requirements to meet the country’s demand. There has always been a disparity between the energy supplied India and their mammoth demands of energy. One of the trends observed in the recent thirty year history is that, these disparities between supply and demand are ever rising and increasing at an alarming rate. In order to facilitate the energy needs of the country it turns to importing crude oil from Oil Producing and Exporting Countries. The volatility of crude oil prices have a significant impact on the fiscal deficit of India. India is the third largest importer of Crude oil behind USA and China. India has been trying to bridge this gap by engaging in the production of renewable and sustainable energy. Due to diverse geographical landscape clubbed with technology available to harness and store energy, India is moving towards a energy sufficient nation.