BP Energy Outlook 2035
Country and regional insights - India
We project that India remains import dependent, despite increases in non-fossil
fuel production.
 India’s energy production rises by 117% to 2035
while consumption grows by 128%.
 Oil imports rise by 161% and account for 61% of the
net increase in imports, followed in volumetric terms
by increasing imports of coal (+96%) and gas
(+270%).
 Demand for all fossil fuels expands, led by gas
(+145%), oil (+117%) and then coal (+112%), while
renewables expand by 564%, nuclear by 363% and
hydro by 98%.
 India’s energy mix evolves very slowly over the next
22 years with fossil fuels accounting for 87% of
demand in 2035, compared to a global average of
81%. This is down from 92% today. Oil remains the
dominant fuel (36%) followed by gas (30%) and coal
(21%).
 India’s share of global demand rises to 8% in 2035,
accounting for the second largest share of the BRIC
countries with China at 26%, Russia 5%, and Brazil
3%.
 India’s demand growth of 128% outpaces each of
the BRIC countries as Russia (+14%), China (+60%)
and Brazil (+72%) all expand more slowly. India’s
growth is almost double the non-OECD aggregate of
63%.
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 India’s energy production as a share of consumption
declines from 59% today to 56% by 2035; imports
rise by 143%.
 Declines in oil (-21%) production are made up by
increases in gas (+78%) and coal (+119%).
 Coal remains the dominant fuel produced in India
with a 66% market share in 2035. Renewables in
power overtakes oil as the second largest, increasing
from 3% to 11% in 2035 as oil drops from 12% today
to 4% in 2035.
 Energy consumption in power generation more than
doubles (+124%) and while coal remains the
dominant fuel source, its market share drops from
76% today to 72% in 2035.
 Energy in transport grows by 5.1% p.a. and oil
remains the dominant fuel source with a 94% market
share in 2035.
 By 2035, India’s energy intensity of GDP is 30%
lower than today’s level, compared to a BRIC
average decline of 44%. Despite a slower intensity
improvement, per capita demand remains 59%
below the BRIC average in 2035.
 CO2 emissions from energy consumption increase
by 115%.
© BP p.l.c. 2015