The power and energy industry is clubbed together with different industries like fuel, petroleum, gas, coal and nuclear power industries. In order to have an increase in the economy there is a need to have constant production as well as consumption in this industry. The activities carried out in this field are that of utilizing the goods, transportation of goods , knowledge of running machines in order to generate the power resources.
This industry requires candidates for transporting, researching, engineers, policy makers as well as economists who can mark the trend of this industry.
According to a report by CII and KPMG, India's energy sector would provide investment avenues worth US$ 120-150 billion over the next five years. India's energy demand is estimated to increase five fold over the next twenty five years.
Another report by KPMG estimates India's oil demand to grow at an average annual rate of 3.6 per cent from 119 metric million tonne (mmt) in 2004 to 196 mmt in 2011-12 and 250 mmt in 2024-25.
India is the fifth largest energy consumer in the world with about 45 per cent of its requirement being fulfilled by the domestic oil and gas industry.