India: Energy issues

07-09-2018

India's energy consumption is set to grow faster than that of any other major economy, and the country is to overtake China as the largest-growing market for energy by the end of the 2020s. In spite of its large population, its share of global energy consumption, currently at 5 %, should grow moderately to reach 11 % in 2040. India's government plans to bring electricity to every household by the end of 2018. India's energy mix, mostly based on fossil fuels, is to evolve very slowly in the future, but renewables – especially solar power – will gain relevance.

India's energy consumption is set to grow faster than that of any other major economy, and the country is to overtake China as the largest-growing market for energy by the end of the 2020s. In spite of its large population, its share of global energy consumption, currently at 5 %, should grow moderately to reach 11 % in 2040. India's government plans to bring electricity to every household by the end of 2018. India's energy mix, mostly based on fossil fuels, is to evolve very slowly in the future, but renewables – especially solar power – will gain relevance.