Consultant Jai Sharda is the managing partner at Equitorials, a financial research firm in Mumbai. He has a degree in mechanical engineering from NIT Bhopal and an MBA from IIM Ahmedabad, and is an investment and financial analyst.
Most Forecasts Have Missed What Has Become an Unmistakable Trend; Activity Is Down 34% Year Over Year in December; Stranded-Asset Risk Grows
Figures just released by the Indian government show coal imports down 34 percent year over year in December after a record 49 percent year-over-year decline in November. The new numbers bring the decline to 15 percent from April through December in 2015. It’s a striking trend that is contrary to almost all financial market and International Energy Agency […]
An Apparent Realization That Markets of the Future Will Not Resemble Those of the Past
In a notable measure of the pace of transformation across global energy markets, Indian power behemoth Reliance Power is changing its business strategy. Public statements, company reports and press coverage all point to a shift from coal-fired electricity generation to renewables at Reliance. It’s a change worth paying attention to because of the sheer size […]
Government Policies Are Remaking the Market in the World’s Second Most Populous Country
The obstacles to India’s ambitious energy transformation are like everything about India: vast, interrelated, and complex. Yet momentum has a way of rolling over obstacles, and—borrowing from Hindu mythological iconography—Prime Minister Narendra Modi has harnessed the “seven horses” of energy to push the government’s fast-growing electricity-sector transition. A year into the program, all the evidence […]