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Hindu Population rising in the world’s smallest continent Australia

Australian population rises significantly;India one of the key contributors

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Yajna, a Hindu ritual, Wikimedia

April 5, 2017: The world’s smallest continent and the largest island Australia has registered a boom in its population and it appears to be as if India is the largest contributor to the rising population.

Having a look at statistic and figures released by the Australian Bureau of Statistics (ABS), Australia’s population rose by almost 350,000 to 24.2 million during the fiscal ended September 30, 2016. The increase includes almost 200,000 migrants.

The increase includes almost 200,000 migrants. India, the largest single source of migrants to Australia, is being cited as one of the reasons the population of this Indo-Pacific nation is booming — and, expectedly, Hinduism is likely to remain the country’s fastest-growing religion.

More than 40,000 Indians were part of those who arrived in Australia as a part of the 2015-16 migration programmes. Their number (40,145 or 21.2 percent) increased from 34,874 (18.4 per cent) for 2014-15.

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It implies that Hinduism would continue to be the fastest-growing religion in Australia. Hinduism had emerged in the 2011 Census as the fastest-growing religion in Australia and is expected to have continued in the years since.

Thanks to a large number of Indians arriving in Australia as migrants, Hindus are also likely to eclipse Australian Muslims in numbers. When all 2016 statistics are made available later this year, it is expected that Hinduism (2.7 percent of the population) will overtake the number of Australians nominating Islam as their religion (from 2.2 per cent to 2.6 per cent).

China is the second largest contributor to the rise with a contribution of 29008 which is 15.3% as against 14.7% of 2016.The third spot is taken by UK with a mere contribution of 10 %.

Hence it is expected that Indians will be the major driver of Australian economy and India is on its path of making a mark on every part of the world.

-prepared by Nikita Tayal of NewsGram Twitter @NikitaTayal6

Next Story

Does India’s Giant Step in the Direction of Green Energy Signal an End to Coal?

Coal consumption forecasts have already been downgraded significantly from 2013 projections, and major shifts in energy policy like Modi’s are likely to add significant weight to the idea that India might well become a much bigger player in renewable energy production in the next 20 to 30 years

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FILE - Smoke billows from chimneys of the cooling towers of a coal-fired power plant in Dadong, Shanxi province, China. VOA

When Prime Minister Narendra Modi’s government announced its target to increase India’s renewable energy capacity to an equivalent of 40% of the nation’s total green energy output, it raised eyebrows. Could this mean an end to India’s coking coal industry?

Is there investment for green energy?

For any alternative to coal to be a serious consideration, there must be investment sources. Already India’s renewable target has attracted investors like Japan’s SoftBank, which agreed to a deal to sell power generated from a Northern Indian solar bank at 2.4 rupees per unit – below that of coal power, which currently costs over 3 rupees per unit.

Contrary to the enormous investment in the production of solar panels being manufactured by China, which has made them cheap enough to encourage this Indian growth in solar renewable energy, there has been relatively little investment in Indian coal.

Asia-Pacific
Workers operate machines at a coal mine at Palaran district in Samarinda, Indonesia (VOA)

For instance, state-run NTPC has cancelled several large coal mining projects, including a huge plant in Andhra Pradesh. Meanwhile, the private sector has continued investing in renewables. Adani Power has over $600 million invested in solar panels in the southern state of Tamil Nadu.

That Modi has made an investment of $42 billion in the renewable energy sector over the past four years and his renewables plan is likely to generate a further $80 billion in the green energy sector in the next four years is good news for the Rupee. External investment in India is likely a sign of increased currency transaction in forex trading signalling the Rupee gaining strength against other pairs. Like the Indian economy, millions of dollars are traded on currencies every day, and increased interest in the Rupee helps cement India’s economic and investment potential.

How reliant is India on coal power?

Not so long ago the Indian government had a target to connect 40 million households to the national grid by the end of 2018. It even tasked CIL, the state coal monopoly, to produce over a billion tonnes of coal per year by 2020, an increase of almost 100% from 2016. It’s an ambitious goal, notwithstanding the environmental impacts of mining for such an unprecedented amount of coal. This is the same coal that already generates 70% of India’s primary commercial energy requirement; compare that figure to the UK’s 11%, Germany’s 38%, and China’s 68%, while France has practically shut all of its coal power stations. This means that India’s shift from coal could have important implications for the global climate, and any investors looking towards coal would be making a very brave and risky decision.

Coal
Environmentally, coal isn’t a sustainable source of power, certainly not in current quotas.

The increasing problem with relying on coal

Environmentally, coal isn’t a sustainable source of power, certainly not in current quotas. Clean-up costs could make coal an out-of-date power source sooner rather than later. A report by Oxford University estimated that investors in coal power may lose upwards of half a trillion dollars because assets cannot be profitably run or retired early due to global temperature rises and agreed carbon emission reductions.

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Coal consumption forecasts have already been downgraded significantly from 2013 projections, and major shifts in energy policy like Modi’s are likely to add significant weight to the idea that India might well become a much bigger player in renewable energy production in the next 20 to 30 years – although it’s difficult not to see coal remaining an important power source considering India’s significantly large coal reserves still available in Eastern India.