The forecast for the mean feed-in tariff for small hydro energy in India suggests a gradual increase from 2024 to 2028, with a minor dip in 2026 and 2027, before reaching 0.11 USD in 2028. Given that, the value stood at 0.095 USD in 2023, the expected year-on-year increase for 2024 is approximately 1.05%. The cumulative average growth rate (CAGR) over the forecast period is expected to be moderate.

Future trends to watch for include:

The impact of policy changes targeting renewable energy incentives.
Technological advancements in small hydro energy that could further drive efficiency and competitiveness.
Market responses to potential geopolitical events impacting international trade and currency exchange rates.
Environmental and community acceptance factors influencing project development and operational sustainability.