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As the third-largest energy consumer in the world, India currently accounts for approximately 25% of global oil consumption growth and is also a leader in clean energy initiatives. The country is driving economic expansion while prioritising energy security, affordability, and sustainability. According to the International Energy Agency,India is expected to account for 25% of global energy demand growth by 2040.
India aims to more than double the share of gas in its energy mix to 15 per cent by 2030, a crucial step in diversifying its energy mix. Furthermore, by 2030 the country is committed to achieving 500 GW from non-fossil sources and plans to invest $150 billion in clean energy projects. Additionally, under Prime Minister Modi’s leadership, the Global Biofuels Alliance aims to drive the world’s most significant expansion of biofuel production, enhancing energy security while promoting sustainability.
This growth positions India as a pivotal global player, demonstrating a model for balancing energy demand with sustainable practices and securing its role in international energy dialogues. India’s energy future is further bolstered by its substantial, tech-forward talent pool, which positions the country as a leader in developing critical climate technologies and fostering start up ecosystems.
With a strong focus on innovation and sustainable practices, India is well-placed to advance its clean energyinitiatives and contribute significantly to international efforts in addressing energy demands while prioritizing environmental stewardship.
India will account for 25% of demand growth by 2040
Set to drive two-thirds of India’s power generation growth by 2032
500 GW from non-fossil sources by 2030
$150 billion planned by 2030
Ambition to increase share from 6% to 15% by 2030
