The energy consumption in India has shown a fluctuating yet upward trend from 2013 to 2022. The years 2021 and 2022 exhibited strong growth rates of 11.89% and 10.84% year-on-year, respectively. Since 2023, the forecasted data predicts a steady but slower annual growth rate with the Compound Annual Growth Rate (CAGR) for the next 5 years estimated at 3.81%.
Future trends to watch for include policy changes favoring renewable energy, advancements in technology reducing costs, and increased investments in infrastructure which could potentially accelerate the adoption rates beyond current forecasts. Monitoring these factors will be crucial for understanding the sustainability of this growth trend.