The primary energy supply in India is forecasted to decrease from 735.14 Million Tonnes Of Oil Equivalent (MTOE) in 2024 to 673.2 MTOE by 2028. This forecast demonstrates a continuous decline year-over-year: -2.77% in 2025, -2.34% in 2026, -1.97% in 2027, and -1.64% in 2028. Over the last two years, the trend indicates a contraction in energy supply, driven by increasing efficiency and possibly a shift to renewable energy sources. The Compound Annual Growth Rate (CAGR) over the five-year period stands at -2.20%, reflecting a steady reduction.
Future trends to watch for include advancements in renewable energy adoption, energy efficiency measures, and regulatory frameworks favoring sustainable energy. These factors could further impact primary energy supply dynamics in India.
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