The Economic Ripple Effect of Nuclear Power: Viksit Bharat’s Industrial Renaissance through Atomic Energy

Abstract

India’s nuclear energy sector is emerging as a transformative driver of economic growth, with implications extending far beyond energy generation. It is a powerful and purposeful tool to help India achieve energy security, reduce carbon emissions, and bolster its industrial capabilities. This article explores the economic impact of nuclear energy on India’s industrial sector, focusing on job creation, technological advancements, and the development of supporting industries. Drawing from sterling case studies like the Kudankulam Nuclear Power Plant, it examines how nuclear energy stimulates the economy, enhances India’s manufacturing base, and positions the country as a global leader in advanced nuclear technology. While the sector faces formidable challenges, including regulatory hurdles and widespread public opposition, nuclear energy remains a crucial component of India’s long-term growth strategy. The article underscores how nuclear power is revitalizing India’s industrial landscape and global competitiveness paving the way for a Viksit Bharat 2047.