Electrical Equip. /Consumer Electronics
In partnership with NITI Aayog, International Energy Agency (IEA) released the first in-depth review of India’s energy policies. The report highlights the achievements of India’s energy policies and provides recommendations to support the government’s goals of promoting well-functioning energy markets and boosting deployment of renewables. India is becoming increasingly influential in global energy trends. The country’s demand for energy is set to double by 2040, and its electricity demand may triple, according to the IEA report. Indian oil consumption is expected to grow faster than that of any other major economy. This makes further improving energy security a key priority for India’s economy, says the IEA.
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