In 2023, the total support on all fossil fuels for general services in India was $312.35 million in constant 2020 dollars. Forecasts indicate a slight annual increase in support from 2024 to 2028, with values predicted to rise steadily from $318.61 million in 2024 to $341.39 million by 2028. The year-on-year growth rate reflects an average annual increase of approximately 1.6% from 2023 to 2025, signifying a modest escalation in support for fossil fuels over this period.

Notably, the compound annual growth rate (CAGR) from 2024 to 2028 is projected to slightly increase at approximately 1.7%, suggesting a gradual enhancement in support for fossil fuels across this five-year span.

Future trends to watch for include:

Government policy changes regarding fossil fuel subsidies that could alter support levels significantly.
Global oil prices and their impact on India's energy strategy and budget allocations.
The pace of renewable energy adoption, which may influence fossil fuel support dynamics.