LPG Trend in Growing Economic Components of India

T Amose; K R Jeyakumar

T Amose Ph.D., Research Scholar, Arumugam Pillai Seethai Ammal College, Tiruppattu, Tamil Nadu, India
K R Jeyakumar Associate Professor, Department of Economics, Arumugam Pillai Seethai Ammal College, Tiruppattur, Tamil Nadu, India

Keywords: Consumption, Domestic, Economic factors, future economy

Abstract

India has recorded impressive rates of economic growth in recent years, which provide the basis for more ambitious achievements in the future. Study about LPG and its performance ineconomic factors is a wider concept and can help to determine the future economy level in the consumption of alternative energy like LPG. This study has utilized secondary sources to collect the required data related to the selected topic. Further, collected data have been analyzed by applying the compound Annual Growth Rate anddiagrammatical presentation also given to identify the data fluctuations. Consumption of LPG growth rate is found at 10.62 percent in 2014-15, International price ofLPG exposed high growth rate in 2007-08 at 36.78 % from 2006-07 at 3.87% and LPG production also at 9.84 percent in 2014-15. Energy statistics 2013, 2015 and 2016, Petroleum Planning Analysis Cell (2013a) were the supportive sources towards completion ofthis study.