India's economy surge will drive global energy demand

India's economy is expected to grow significantly in the coming years, which will drive up global energy demand. However, experts predict that India's growth will be different from China's past boom. A new report highlights that India's focus will be on less energy-intensive industrial growth and renewable energy. Unlike China in the early 2000s, India's industrial sector consumes less energy per unit of Gross Domestic Product (GDP). By 2033, India's production of crude steel and cement is expected to be much lower than China's in 2011. This shift could help India transition to a low-carbon economy faster than previously thought. India's demand for oil and liquefied natural gas (LNG) is likely to increase, but significant price spikes may not occur. The country is projected to raise its oil demand by only a small amount, while global gas prices are anticipated to decrease. Consequently, India's thermal coal production will rise, but the country will still have to import a portion of its needs. While initial coal expansion may increase CO2 emissions, experts believe that India can develop low-carbon supply chains quickly after 2030. Investments in renewable energy, electric vehicles, and other technologies will be crucial for this goal. To support this growth, India will need to invest $600 billion in its power sector over the next decade. This investment could create significant opportunities for businesses in energy, manufacturing, and supply chains. The Indian government is encouraged to adopt policies that promote energy security, emissions reduction, and economic growth while ensuring affordable energy access for all.