An almost arbitrary decision to leapfrog fuel standards has managed to disrupt two large industries—oil and auto manufacturing. It’s good news for the environment, but for companies it means a huge drain on resources. And it all starts with Indianoil.
India hardly had any wind power at the turn of the century. Till five years ago, its solar power output was negligible. Today, it ranks fifth in the world in wind energy and 11th in solar. A look at the numbers.