Question

Explain the importance of energy.

Answer 1

The importance of energy are as follows:

1. Increase in National Output: The productivity of various sectors such as agriculture and industry can be raised significantly with the expansion of the power sector.
2. Efficient Utilisation of Natural Resources: Energy helps in the efficient use of natural resources like water, crude oil, coal, etc. For instance, crude oil and coal are used to generate thermal power, while water resources are harnessed for hydroelectric power generation.
3. Growth of Services Sector: The availability of electricity is essential for the growth and expansion of the services sector. For example, computers and other technologies in banking, insurance, and the IT sector require a reliable power supply.