By 2024, the share of fossil fuels in India's total domestic material consumption is forecasted at 19.27%, a modest rise from the previous year. This figure is projected to grow incrementally, reaching 20.14% by 2028. The year-on-year percentage increase from 2023 to 2024 is marginal, indicating a gradual upward trend. The five-year compounded annual growth rate (CAGR) is subtle, reflecting a steady but slow upward trajectory in fossil fuel consumption's share.
Future trends to watch out for include potential shifts due to energy policy changes, technological advancements in renewable energy, and increasing environmental regulations, which could alter the predicted trajectory of fossil fuel consumption in India.
