In 2023, India's nuclear energy generation stood at 47.4 Terawatt-hours, up from 33.31 Terawatt-hours in 2013. Over the last decade, the sector has seen fluctuations with a noticeable surge in 2019 by 15.65% and a decline in both 2020 and 2021. The recent two-year trends show a gradual rebound with year-on-year increases of 5.18% in 2022 and 2.6% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 3.95%. The forecast for the next five years suggests a moderate growth rate with a forecasted CAGR of 1.87%, reaching 53.32 Terawatt-hours by 2028.
Future trends to watch for:
- Technological advancements in nuclear reactor efficiency and safety.
- Government policies and geopolitical factors affecting uranium supply.
- Investment in renewable energy sources and their impact on nuclear energy demand.
- Public perception and environmental regulations influencing nuclear energy expansion.