In 2023, the total support for natural gas across all sectors in India was estimated at 73.21 million USD. Forecasts indicate a declining trend: from 70.99 million USD in 2024 to 58.41 million USD in 2028. This reflects a year-on-year decline of approximately 4.45% between 2024 and 2025, and an average annual decrease (CAGR) of 4.51% over the five-year period from 2024 to 2028. The consistent downward trend suggests a reduction in investment or subsidies for natural gas in upcoming years.
Future trends to watch for:
- Shifts in government policies towards renewable energy sources may further impact support for natural gas.
- Economic factors and energy demand dynamics in India affecting sectoral investments.
- Technological advancements enhancing the efficiency and cost-effectiveness of renewable alternatives.