In its ‘World Energy Outlook,’ the International Energy Agency (IEA) has projected that India will turn out to be the world’s third major net oil importer before 2025. The report also highlighted the following:
- India’s primary energy demand will be increased over two-folds by 2030. The demand will grow at an average of 3.6% annually because of strong economic growth. Electricity generation will be the answer for much of the increase.