The forecast for India's total support on petroleum for fossil fuel production remains constant at 0.29% of GDP from 2024 to 2028, reflecting no year-on-year variation. Without changes, the cumulative annual growth rate (CAGR) over the forecasted period remains flat. Given the consistency, the model suggests stability in the government's fiscal support for fossil fuels during this period.
Future trends to watch for include potential shifts in policy driven by global environmental agreements, fluctuations in global oil prices, and increasing investment in renewable energy sources, which might impact India's fossil fuel production strategies and support levels.
