Senior Fellow, Energy, Investment and Connectivity
Amit has nearly two decades of experience as a public policy researcher, an entrepreneur and a financial analyst. He is the author of "India and the Changing Geopolitics of Oil (Routlege, 2021), a book that looks at India's changing role in the global oil trade and how it can use this heft to secure energy supplies. He is also the lead author of the report "Chinese Investments in India" (Feb 2020), which looked at China's penetration of India's startup ecosystem. He is the founder of tezbid.com, a numismatic portal.
Amit started his career with the Economic Times, where he tracked the energy sector. He was a part of the start-up team of ET Now, the business news channel. Amit was responsible for setting up India Reality Research, a new research outfit within CLSA India, a stockbroking firm. He has also worked with Deccan Chronicle Group as the business editor for their general dailies.
He holds a Master in Business Administration from IIM- Ahmedabad and a Bachelors degree in Technology from IIT-BHU.
The problems of the power sector have been created over the last several decades and can obviously not be resolved in a hurry. Renewable energy will have to be part of the solution. It would be good to see the government think creatively about this.
The WTO judgment on the India-U.S. dispute on solar panels shows how rules across different international regimes – climate change, trade and nuclear power – favor the countries which set those rules. India must deepen its participation in such multilateral fora to protect its interests.
Saudi Arabia, Russia and other oil producers are trying to cap oil production to support prices. Such distortions are unlikely to work. India should be more concerned about the long term rise in oil prices due to falling investment in exploration and production – and should protect itself by acquiring oil and gas assets to cover its energy needs.
India’s recent ratification of the nuclear liability convention is being portrayed as a dilution of India’s stand on civil nuclear liability and its own 2010 law on the subject. This is, however, incorrect, and India’s stand on nuclear liability remains unchanged.
China’s stock market has tanked over 20% in January 2015. More than the fall in the stock market, it is the reaction of the Chinese authorities that suggests bigger problems.
The common Indian complaint is that, despite a global trend of falling crude oil prices, the price of petrol has not reduced. However, if the dollar price is examined with the price of oil, it becomes clear that Indians are paying less for fuel now than they would have, had the 2003 pricing trend continued.
India could save $80 billion annually if oil prices stay at the current 12-year low. Policy-makers must use this opportunity to lock-in energy prices for the long-term. Financial markets, through futures and options, offer a way to make these savings permanent, and the Ministry of Finance must formulate ground rules for hedging.
COP21 could have spelled doom for India’s growth push if it had insisted on a peak emissions year for all participants, or spelled out explicit restrictions on coal. It has done neither, and continues to recognise the principle of differentiated responsibilities
An unspoken war has been waged between India and the U.S. at the COP21 Summit in Paris. If the West wants India to opt for more expensive energy options, then they must also reciprocate by sharing technology.
The Climate Conference in Paris offers the globe a chance to arrive at a firm action plan—and underpinning this chance are advances in solar and electric vehicles technology. If the Paris talks focus on making such technology and related finance available to countries like India, we can move closer to achieving climate goals
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