The supply of renewable energy (excluding solid biofuels) in India has shown a consistent upward trend over the past decade. Starting from 2.44 units in 2013, it rose to 3.67 units by 2028. The period from 2016 to 2022 saw significant growth with the year-on-year increase reaching up to 12.41% in 2019. By 2023, the supply stood at 3.55 units, reflecting a CAGR of 4.71% over the last 5 years. Forecasts indicate a more modest annual growth rate of 0.5% through to 2028, amounting to a total growth rate of 2.51% over the forecast period.

Future trends to watch for:

Potential technological advancements in renewable energy infrastructure that could accelerate growth.
Policy changes or government incentives aimed at promoting renewable energy usage.
Market dynamics such as investment influx or public-private partnerships in the renewable sector.
Impact of environmental regulations and international climate agreements on India's energy strategy.