Forecast: Total Support on All Fossil Fuels for Residential in India

The forecasted support for fossil fuels in the residential sector in India shows a declining trend from 2024 to 2028. In 2024, the support stands at 0.14% of GDP and is projected to decrease each year, reaching 0.07% by 2028. This indicates a significant reduction as part of India's potential strategic shift towards cleaner energy resources and reduced reliance on fossil fuels.

Notable trends to watch for include:

  • India's investment and policy changes towards renewable energy sources.
  • The impact of global fossil fuel prices on domestic energy policy choices.
  • Developments in technology that might accelerate the adoption of alternative energy sources in the residential sector.

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