India’s power demand is projected to increase at a rate of 6.3% annually until 2027

India’s power demand is projected to increase at a rate of 6.3% annually until 2027.
This growth will be higher than the 5% annual growth observed between 2015 and 2024.
Electricity demand in the country will rise by 6.3% per year from 2025 to 2027.
In 2023, electricity demand increased by 8.3% year-on-year, and in 2024, it rose by 5.8%.
By 2027, India will account for 10% of the global rise in electricity demand.
India’s peak electricity load grew from 148 GW in 2014 to 250 GW in 2024.
The residential and commercial sectors’ electricity demand rose by 60-65% from 2014 to 2024.
Between 2025 and 2027, coal-based power generation will increase by 2% annually.
The share of renewable energy will rise from 21% in 2024 to 27% by 2027.
Solar PV generation is expected to grow by more than 28% annually from 2025 to 2027.