Forecast: Total Primary Energy Supply in India

As of 2023, India's Total Primary Energy Supply stood at 92.0 Tonnes of Oil Equivalent Per US Dollars. Forecasts for 2024 to 2028 show a consistent decline in energy supply, decreasing from 89.0 to 80.0. The year-on-year variation indicates a steady reduction of approximately 2.25% annually. This is significant as over the past two years, the year-on-year decline was around 3.2%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is forecasted at 2.6% per year on average. This downward trend suggests shifting dynamics in the energy sector, possibly due to advances in energy efficiency or a transition towards renewable sources.

Future trends to watch include policy shifts towards green energy, technological advancements in energy production, and economic factors affecting energy demand. Monitoring these elements will be crucial for understanding the trajectory of India's energy supply.