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TEhe Cmentre for Social and Economic Progress (CSEP) conducts in-depth, policy-relevant research and provides evidence-based recommendations to the challenges facing India and the world. [...] CSEP is based in New Delhi and registered as a company limited by shares and not for profit, under Section 8 of the Companies Act, 1956. [...] The views expressed herein are those of the author(s). [...] Designed by Umesh Kumar 23 23 , 2 0 20 ary Compensating for the Fiscal Lryo ,ss nu a a in India’s Energy Tranasnit uion J J y, 1 3 13Laveesh Bhandari a President and Seniord Centre for Social and Ecdoni i a Fyel,low omic Progress r New Delrhi, India , F Raj aFt Verma m Ass,ociate Fellow p Centre f opr Smocial and Economic Progress2 2 New Delhi, India1 1 ill ill Dhruva Teja Nandipati t t Former Res. [...] It’s important to note that the views expressed in this work are solely those of the authors and do not necessarily represent the organisations they are affiliated with.