#4 Renewable Energy

Global Economic Impact: 0.2 to 0.3 percent

With depleting fossil flues and increasing fuel prices, the globe is facing sever energy crises. And when it comes to India, the situation is too critical, and often the fuel prices hold big debate in parliaments and can go to an extent of toppling the government itself. But the new advances in the renewable energy can change it all. In addition to decreasing financial burden, it can lead to other innovations in the industry of automobiles, power and saving environment.

#5 Advanced Oil And Gas Recovery

Global Economic Impact: 0.1 to 0.5 percent

In near future, the technologies will help in a very efficient way of extracting oil and gas from fossils or sediment of rocks or Shale. If we go by the recent example, the Oil shale, also known as kerogen shale is turning into an alternate for fossil fuels, but the extraction cost is too high, but with advancements in oil and gas recovery things are going to change. When it comes to India, the country not yet looking towards the new efficient ways to extract the oil and gas from our fields,   

is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons called shale oil (not to be confused with tight oil—crude oil occurring naturally in shales) can be produced.

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