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.
