The forecast data for India's total support on all fossil fuels, expressed as a percentage of GDP, shows a consistent annual decline from 2024 to 2028, beginning at 0.26% in 2024 and dropping to 0.1% by 2028. Year-on-year, this indicates a gradual reduction in fossil fuel support as a fraction of the economy, with significant percentage decreases notably larger from 2026 onwards.
Future trends to watch for include the impact of government policies aimed at transitioning to renewable energies, and market shifts driven by technological innovations that could further reduce dependence on fossil fuels.
