According to the International Energy Agency (IEA), due to urbanisation and industrialization, India's energy demand could increase by more than 3% yearly until 2030, the highest rate of any nation.
India continues to make excellent progress with the deployment of renewable energy sources and efficiency regulations, according to the IEA, which has warned that the world is experiencing a global energy crisis. The aggregate import bill for fossil fuels, with oil being far the largest component, doubles during the next 20 years due to the sheer scope of India's expansion.
While coal production is expected to increase, its proportion in the generation of energy is expected to decline from just under 75% to 55% throughout this time. Strong economic conditions and government initiatives like the Self-Reliant India programme support brisk growth in renewable energy and electric mobility, particularly for two- and three-wheelers.
Over 60% of India's rising energy demand is satisfied by renewable sources. By 2030, they will make up 35% of the electricity mix. According to the data, solar PV alone accounts for over 15%. By 2030, coal will continue to supply a third of India's growing energy needs.