India's Energy Demand Set to Skyrocket 37% by 2035: Global Leader in Growth!

Energy

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Updated on 12 Nov 2025, 05:58 pm

The International Energy Agency (IEA) has released a bullish forecast indicating that India's energy consumption will see a significant rise. By 2035, India's oil demand is projected to increase by 37%, reaching 7.4 million barrels per day (mbpd). Concurrently, its natural gas demand is expected to jump by 85%, hitting 139 billion cubic metres.

This growth trajectory is particularly noteworthy as it stands in contrast to the IEA's outlook for sluggish global oil and gas demand over the next ten years. The agency specifically identifies India as the single-largest source of energy demand growth through 2035. Globally, oil demand, currently around 100 mbpd in 2024, is only expected to peak at 102 mbpd around 2030 before declining. This global moderation is attributed to reduced demand from passenger cars and the power sector, which is only partially offset by increases in petrochemicals, aviation, and other industrial activities.

India's demand for oil is anticipated to see the largest increase of any country worldwide, adding 2 mbpd to reach its 2035 target, with growth momentum expected to continue through 2050.

Impact This news has a substantial positive impact on India's economy and its energy sector. It signals massive investment opportunities in exploration, refining, infrastructure, and renewable energy integration. Companies involved in these sectors could see increased demand for their products and services, potentially leading to higher revenues and stock valuations. The forecast also highlights India's growing industrial and consumer base. Rating: 8/10

Definitions: mbpd: Million barrels per day, a standard unit for measuring oil production or consumption. Billion cubic metres: A unit used to measure large volumes of gas. Petrochemicals: Chemicals derived from petroleum or natural gas, used to make plastics, fertilizers, and other products.