Key Market Indicators
Indian energy consumption is projected to hit approximately 42 Exajoules by 2028, rising from roughly 37 Exajoules in 2023. This marks an average annual growth rate of 2.2%. Since 1970, India's energy demand has increased at an average rate of 2.5% per year. In 2023, India held the third position globally in energy consumption, trailing the United States. The United States led with around 37 Exajoules, followed by India, with Russia securing the fourth spot in the global ranking.
