From 2024 to 2028, the total support on natural gas for all beneficiaries in India is projected to exhibit a downward trend, decreasing from 75.95 million USD to 66.27 million USD. This decline reflects the sector's efforts to optimize and become more efficient. In 2023, the figure stood at around 77 million USD, indicating a year-on-year decrease of approximately 1.36% leading to 2024. The compound annual growth rate (CAGR) over this forecast period, from 2024 to 2028, is estimated at -2.69%, highlighting a consistent reduction in support.
Future trends to watch include advancements in renewable energy adoption, potential policy changes, and shifts in global energy dynamics that may further influence natural gas support levels in India. The focus may be to balance energy security with sustainable practices, shaping how resources like natural gas are supported economically.
