The Indian government is promoting the use of LED light bulbs in homes and businesses by subsidizing them to HALF the cost of a regular incandescent bulb. They are also making the switch in all their nationwide offices.
The reason is because they are a mainly fossil fuel based electricity production nation and they need to reduce their emissions to meet their international commitments.
Changing to LED bulbs in India will save 13% of their current power usage, to the tune of $8 billion US dollars per year. That is enough savings to bring power to 50 million Indian people per year (according to the World Bank there are currently 300 million Indians who still live without power).
Australian lighting schemes in Victoria (VEET) and NSW (EES) have been highly successful to date. Hopefully the Federal government will step up and put together a nationwide Australian LED promotion.