PARTNERSHIP BETWEEN SCIENTIFIC INNOVATION AND ECONOMIC GROWTH: CASE STUDY OF SOLAR ENERGY IN INDIA
DOI:
https://doi.org/10.29121/ijetmr.v4.i12.2017.589Keywords:
Economic Growth, Solar Energy, National Solar MissionAbstract
Scientific advances and technological changes are new key partners of economic growth and
development. Scientific innovation has become a new source of wealth creation, improvement
in quality of life and social wellbeing. India as a developing nation is facing many economic
growth and development challenges like unemployment, poverty, hunger, scarcity of
resources, etc. To overcome these problems, new scientific innovations in the field of
renewable energy can provide useful solutions. In the above context, economic analysis of
Jawaharlal Nehru National Solar Mission (NSM) launched in 2010 by GOI is quite relevant.
The NSM provide cheap and clean source of energy and job opportunities in India. The aim of
this paper is to analysis NSM and other solar projects from various aspects of economic
growth and to explore areas of investment for scientific innovation in such type of projects.
This study is explanatory in nature. This study concludes positively that the development of
solar energy can give solutions to many economic problems of rural electrification,
unemployment, climate change, regional development, etc. Thus, India with its increasing
population and limited natural resources needs to use solar energy innovatively to achieve all
round development.
Downloads
References
CEEW (Council on Energy, Environment and Water) and NRDC (Natural Resources Defense Council) (2016), Filling the Skill Gap in India’s Clean Energy Market: Solar Energy Focus, New Delhi and New York, January.
Dasgupta, Partha, Paul A. David, Toward a New economics of science, Elsevier, Vol 23, Issue 5, 1994. DOI: https://doi.org/10.1016/0048-7333(94)01002-1
MNRE and CII (Ministry of New and Renewable Energy [India] and Confederation of Indian Industry) (2010), Human Resource Development Strategies for Indian Renewable Energy Sector
Report, Developmental Impacts and Sustainable Governance Aspects of Renewable Energy Projects, Ministry of New and Renewable Energy (MNRE), September, 2013.
Report, Renewable Energy and Jobs, Annual Review, IRENA (International Renewable Energy Agency), 2016
Report, Developmental Impacts and Sustainable Governance Aspects of Renewable Energy Projects, Ministry of New and Renewable Energy (MNRE), September 2013.
Stephan, Paula E. and David B. Audretsch, ‘The Economics of Science and Innovation’, Edward Elgar publication, 2000.
Singh, Man Mohan (2010): To create solar village, January, Solar Energy Review, New Delhi.
Downloads
Published
How to Cite
Issue
Section
License
License and Copyright Agreement
In submitting the manuscript to the journal, the authors certify that:
- They are authorized by their co-authors to enter into these arrangements.
- The work described has not been formally published before, except in the form of an abstract or as part of a published lecture, review, thesis, or overlay journal.
- That it is not under consideration for publication elsewhere.
- That its release has been approved by all the author(s) and by the responsible authorities – tacitly or explicitly – of the institutes where the work has been carried out.
- They secure the right to reproduce any material that has already been published or copyrighted elsewhere.
- They agree to the following license and copyright agreement.
Copyright
Authors who publish with International Journal of Engineering Technologies and Management Research agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or edit it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
For More info, please visit CopyRight Section