In which of the following ways does the uneven distribution of energy resources across India impact regional economic disparities?

Question

Question

This question was previously asked in

OSSC Excise SI (Mains) Official Paper (Held On: 17 Oct, 2024 Shift 2)

It leads to higher energy prices nationwide.
It fosters equal economic development across all regions.
It creates economic opportunities in resource-rich regions while leaving others underdeveloped.
It has no significant impact on regional economies.

Answer 1

The correct answer is It creates economic opportunities in resource-rich regions while leaving others underdeveloped.

Key Points

Resource-rich regions often attract investments, leading to higher economic growth and development in those areas.
Regions lacking energy resources may suffer from lower investment and slower economic growth.
Infrastructure development is typically more rapid in areas with abundant energy resources.
This uneven distribution can lead to significant disparities in income and living standards between different regions.

Important Points

Energy resources such as coal, oil, and natural gas are not evenly distributed across India, affecting regional economies differently.
Regions with abundant energy resources often develop more rapidly due to investment in energy-intensive industries.
The lack of energy resources can hinder economic development in certain regions, leading to disparities.
Government policies and initiatives can play a crucial role in mitigating these disparities by promoting balanced regional development.\