Key Market Indicators
India's electricity generation is projected to surge to 2,320 terawatt hours by 2028, up from approximately 1,940 terawatt hours in 2023. This marks an average annual growth rate of 2.9%. Since 1990, the country's electricity supply has consistently increased, with an average yearly growth rate of 4.2%. In 2023, India held the third spot globally in electricity generation. Leading the ranking, the United States matched India's output with 1,940 terawatt hours, while Russia followed in fourth place.
