• Primary Program Markets and Industrial Development

Biography

Kaushik is a research fellow in the Markets and Industrial Development program. He is an applied economist who previously worked in the Economics team at BP, leading the analysis of the global natural gas markets, and macroeconomic developments in the Asia Pacific region. His earlier roles include policy research and advocacy on infrastructure and environmental economics issues at IDFC. Kaushik has also guided and implemented research in applied economics at TERI University, and undertaken the role of programme director of the university’s MBA programmes.

Publications

See all Kaushik’s publications
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Gas Demand Growth Beyond Power Generation

Gas Demand Growth Beyond Power Generation

Highlighting the main trends that have made natural gas the world’s fastest growing fossil fuel, this paper identifies sectors and regions where gas demand is likely to grow in the coming years — especially outside of the power generation sector — in the industrial, petrochemicals, road and maritime transportation sectors, and in non-OECD countries. Highlighting advances in China and India, the paper shows that long-term government support, anchored around environmental standards, could enable gas to further increase its market share. Key points: China and the United States (U.S.) have dominated growth in gas consumption since 2000. Even in Europe, where falling energy demand and the rapid increase in renewables have squeezed gas’s role in the energy mix, gas consumption has increased since 2014. Electricity generation has dominated global growth in gas consumption, accounting for just over half of the total increase in the fuel’s use since 2010, followed by the industrial sector. Future demand for gas will likely come from rising industrial demand in Asia, petrochemicals in the U.S. and the Middle East, and from gas’s rising use as a transport fuel. Countries including China and India have aggressively promoted the use of natural gas through mandates and subsidies, with the aim of improving local air quality. The success of these initiatives shows that policy support is sometimes needed to promote gas in the energy mix.

May 31, 2019
Aramco and Reliance: Alliance Between Giants

Aramco and Reliance: Alliance Between Giants

India’s Reliance Industries Ltd (RIL) announced at its 42nd annual general meeting that it had signed a letter of intent to sell a 20% stake in RIL’s chemicals, refining and fuel marketing (oil-to-chemicals [O2C]) business to Saudi Aramco in a deal valued at $15 billion. This deal includes RIL’s refining and petrochemical divisions, as well as its 51% stake in its joint fuel marketing venture with BP (RIL 2019). The remaining 49% stake in the fuel marketing business has been sold to BP for just under one billion dollars. The crown jewel of this division is the 1.24 million barrels per day (MMb/d) Jamnagar refining complex (PPAC 2019), which consistently exceeded its nameplate capacity, with annual runs averaging 1.4 MMb/d since 2015 (PPAC 2019).

September 9, 2019
An assessment of India’s energy landscape: 2008–13

An assessment of India’s energy landscape: 2008–13

Oxford Energy Forum 99

2015
India’s Primary Energy Evolution: Past Trends and Future Prospects

India’s Primary Energy Evolution: Past Trends and Future Prospects

India Policy Forum 2015-16. National Council of Applied Economic Research, 2016

2015
Public bus transport demand elasticities in India

Public bus transport demand elasticities in India

Journal of Transport Economics and Policy (JTEP)

2013
Estimating welfare changes from efficient pricing in public bus transit in India

Estimating welfare changes from efficient pricing in public bus transit in India

Transport policy

2011
Energy Management for the Emerging Megacity Hyderabad.In (Eds.) K. Hagedorn, C. Werthmann, D. Zikos, R. Chennamaneni.

Energy Management for the Emerging Megacity Hyderabad.In (Eds.) K. Hagedorn, C. Werthmann, D. Zikos, R. Chennamaneni.

Published by Europaeischer Hochschulverlag GmbH & Co

2009
Reforms in drinking water and sanitation

Reforms in drinking water and sanitation

Published by The Energy and Resources Institute (TERI)

2004
Transitions Towards Sustainable Development in South Asia

Transitions Towards Sustainable Development in South Asia

Published by The Energy and Resources Institute (TERI)

2003
Transport. Agenda 21: An Assessment

Transport. Agenda 21: An Assessment

Published by Ministry of Environment and Forests, Government of India

2002
Regulatory reforms – progress thus far and challenges. In (Eds.) S.K. Sarkar and L. Srivastava. Reforms in the Infrastructure Sectors: Next Steps

Regulatory reforms – progress thus far and challenges. In (Eds.) S.K. Sarkar and L. Srivastava. Reforms in the Infrastructure Sectors: Next Steps

Published by The Energy and Resources Institute (TERI)

2002
Restructuring urban public transport in India

Restructuring urban public transport in India

Journal of Public Transportation

2002
Regulation in infrastructure services: progress and the way forward

Regulation in infrastructure services: progress and the way forward

Published by Tata Energy Research Institute (TERI)

2001
Private Vehicle Restraint Measures–Lessons for India

Private Vehicle Restraint Measures–Lessons for India

World Transport Policy and Practice

2001
Lessons in Urban Transport in South Asia

Lessons in Urban Transport in South Asia

South Asian Survey

2000

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