As of 2023, the total support on natural gas for consumers in India stood at a certain value. For the forecasted period, the support decreases progressively, starting at $69.73 million in 2024 and dropping to $58.96 million by 2028. The year-on-year decrease shows a consistent decline of approximately 4% to 4.5% annually. Over the entire forecasted period, the compound annual growth rate (CAGR) reflects an average annual reduction in support reliability for consumers.
Future trends to watch for include changes in government policy impacting subsidies, shifts in global natural gas prices, India's transition towards renewable energy, and potentially changing consumer demand within the energy sector.
