The future of India’s energy sector: Key drivers of growth.
Rising Energy Demand
– India’s energy consumption is projected to double by 2040.
– Urbanization and industrial growth are driving energy needs.
Expansion Renewable Energy
– India aims for 500 GW of renewable energy capacity by 2030.
– Solar, wind, and green hydrogen are key focus areas.
Electrification of Transportation
– Government policies are promoting electric vehicles (EVs).
– Rising demand for EV charging infrastructure boosts energy sector growth.
Digitalization in Energy Management
– AI and IoT are optimizing energy production and distribution.
– Smart grids enhance efficiency and reliability.
Policy and Investment Support
– Initiatives like the National Hydrogen Mission and Production-Linked Incentives (PLIs).
– Increased FDI in energy infrastructure projects.