International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Energy Swaraj and Energy Economics in India: An Econometric Exploration (2000–2025)

Author(s) Ms. Parul Chauhan
Country India
Abstract India’s ambition for energy security and sustainable development demands a transformative shift toward decentralized, renewable energy solutions. Rooted in Gandhian philosophy, the concept of Energy Swaraj advocates localized energy generation, predominantly through solar power. This study empirically investigates the dynamic relationship between solar energy adoption, carbon emissions, renewable energy investment, and economic growth for India from 2000 to 2025. Employing a Vector Auto Regression (VAR) model using GRETL software, two econometric models are estimated: (i) the causal relationship between solar energy adoption and CO₂ emissions, and (ii) the relationship between renewable energy investment and GDP growth. Data sourced from the International Energy Agency (IEA), World Bank, Central Electricity Authority (CEA), REN21, and MNRE ensures authenticity and recency. Findings reveal that increased solar energy deployment Granger-causes a significant reduction in emissions, while renewable investments have a positive, delayed impact on GDP growth. The study highlights Energy Swaraj as a viable, evidence-based strategy for India's sustainable and inclusive energy future.
Keywords Renewable Energy, Economic Growth, Energy Economics, VAR, ADF, AIC, SBC, Granger Causality Test, Solar Energy, GDP Growth, Energy Swaraj, Environmental Sustainability, Economics.
Field Sociology > Economics
Published In Volume 7, Issue 3, May-June 2025
Published On 2025-05-01
DOI https://doi.org/10.36948/ijfmr.2025.v07i02.43349
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