All this would mean that Indias share of global demand would rise to 7% by 2035, which would be second largest share from the BP Energy Outlook with China having 27%, Russia 5% and Brazil 3%. In fact, Indias 132% demand growth is estimated to be highest among the BRIC nations, much ahead of Russias 20%, and 71% of both China and Brazil. Indias energy production as a share of consumption is slated to drop from current 61% to just 56% in 2035. Interestingly, the BP outlook says that a 25% decline in oil production would be made up by 44% rise in gas production and 116% in coal. So, even in 2035, coal will maintain its dominance with 66% share in production, but renewables will overtake oil by increasing their share from 3% today to 10% in 2035, and the share of oil will drop from 12% to 4%.
Saikat Neogi