EIA Says India's Household Electricity Use To Rise More Than Five Times 2020 Levels Over Next Three Decades

Image
Capital Market
Last Updated : Oct 07 2021 | 4:50 PM IST
The Energy Information Administration (EIA) noted in its latest International Energy Outlook 2021 that it projects electricity use in buildings to grow fastest in India, where the average rate of expanding electricity use (electrification) is 10 times faster than population growth. By 2050, household electricity use in India is likely to increase to more than five times 2020 levels, largely a result of increasing population and rising household income. Electricity use in commercial buildings almost quadruples as the service sector of India's economy expands. India's liquid fuels consumption by 2050 will be three times higher than 2020 levels while crude oil production will be lower in 2050 than in 2020.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 07 2021 | 4:24 PM IST

Next Story