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India's energy consumption likely to double: International Energy Agency

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India's energy consumption likely to double: International Energy Agency

timestampFeb 09, 2021 authorAlShorts Web Desk

International Energy Agency (IEA) said India is set to overtake European Union as the world's third-biggest energy consumer by 2030. It is expected that country's consumption likely to double as Gross Domestic Product (GDP) expands to an estimated USD8.6 trillion by 2040. With growing demands, India will be more reliant on fossil fuel imports as its domestic oil and gas production have reduced for years.

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