Energy & resources
A consistently high rate of growth in India’s GDP since the introduction of the economic reforms in the 1990s has made India one of the fastest growing economies of the world. In line with high GDP growth, energy consumption in India has grown at a CAGR of 6 per cent since 2000, as compared to a global average of 2.5 per cent (BP Statistical Review 2012). Despite being the fourth largest energy consumer in the world today, India’s per capita energy consumption is well below the world average, thus offering significant potential for growth. Energy is one of the most important catalysts for the development and growth of the economy and hence, innovative ways in addition to conventional methods need to be explored to address the growing energy demand and energy security needs of India. Thus, the Energy & Resources sector is expected to undergo a major expansion to sustain the economic growth rates of 6per cent and above over the next 5 years and beyond.
Recognising the need for providing world-class professional services to India’s growing energy sector, Deloitte has established an Energy & Resources industry practice, focused on
- Oil & Gas
- Power & Utilities
- Mining
- Ports & Shipping and
- Water
Globally, Deloitte member firms serve 63% (or 66 companies) of the 104 Fortune Global 500 E&R companies
- 16 of the 28 largest power companies
- 8 of the 12 largest mining companies
- 39 of the 60 largest oil & gas companies
- 2 of the 3 largest shipping companies
- All of the water companies
- A significant number of government-owned National Oil Companies (NOCs)
In India, our Energy & Resources practice is supported by over 75 practitioners across Deloitte’s varied services lines - Assurance, Tax, Consulting and Financial Advisory. Our team of experts focusses on providing solutions to Energy & Resources clients, spanning across public and private sector companies, multinational corporations, regulatory bodies and other government bodies.
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