India’s energy demand to grow by 4.2%: Dharmendra Pradhan

India’s energy demand is projected to grow by 4.2 per cent through 2035, an expansion faster than all major economies of the world, Oil Minister Dharmendra Pradhan said Tuesday as he sought investments in the country’s energy chain. Speaking at the eighth Asian Ministerial Energy Roundtable in Abu Dhabi, he said the share of world’s third-largest energy consumer in total global primary energy demand is set to double to 11 per cent by 2040.

“The projected energy demand growth is 4.2 per cent per annum up to 2035. This makes India’s energy demand growing faster than all major economies of the world,” he said. “We are preparing for such a growth path of energy demand in the country.”

Pradhan said the per capita energy consumption of the country with 1.3 billion people is lower than the global average.