India is emerging as the epicentre of global energy demand

To add 12,000 cars to its roads every day by 2035

- BY S VENKAT NARAYAN

The International Energy Agency (IEA) has projected that India will become the largest demand hub for energy, including oil, gas, and electricity, by 2035.

In its latest energy outlook, the intergovernmental organization said that over the next 10 years, nearly half of the additional global energy demand would come from India.

What is the projection for the global energy consumption?

IEA, in its latest outlook, has said oil consumption will continue to grow till 2050, reversing its previous projections of 'peak oil' backed by strong demand from petrochemicals, aviation and transport sectors.

Its assumptions are based on a stated policy scenario, wherein all the announced policy steps are adhered to and the current policy scenario, in which the current trend prevails.

Under both scenarios energy demand will continue to increase till 2050, but at different speeds, with emerging markets and developing economies driving the increase, led by India and Southeast Asia.

How is India expected to lead the demand growth going ahead?

India is already among the major consumers of oil and gas. It is currently the third-largest importer of crude oil, after the US and China.