[feb]India Energy Outlook 2021

Question 1

by

Answer 1

International Energy Agency (IEA)

Question 2

Findings

Answer 2

• India will make up the biggest share of energy demand growth at 25% over the next two decades, will become world’s third-biggest energy consumer by 2030.
• India’s energy consumption is expected to nearly double
• growing energy needs will make it more reliant on fossil fuel imports
• Rising oil demand could double India’s oil import bill to about $181 billion by 2030 and nearly treble it to $255 billion by 2040 compared with 2019.