Page 21 - Policy Economic Report - Feb 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

expansion, the report, 'SCENARIOS TOWARDS VIKSIT BHARAT AND NET ZERO SECTORAL INSIGHTS:
POWER', noted.

To quantify pathways that couple development with cleaner power, this study models India's electricity
transition through 2070 under two lenses: a Current Policy Scenario extending today's trajectory, and an
ambitious Net-Zero Scenario aligned with national 2070 net-zero goals. India's energy transition will be
defined by rapid electrification across the economy, pushing electricity demand onto a much steeper
trajectory.

• Electricity's share in final energy is projected to increase from 21 per cent in 2025 to nearly 40 per
cent in the Current Policy Scenario (CPS) and 60 per cent in the Net Zero Scenario (NZS) by 2070,
driven by high EV penetration, greater use of electric industrial heat (heat pumps/electric boilers),
and a shift toward electric cooking.

• As a result, per-capita electricity consumption increases from 1,400 kWh in 2025 to 7,000 - 10,000
kWh by 2070, moving toward levels seen in advanced economies such as France and the Republic
of Korea, it stated. By 2070, total installed capacity is projected to be nine times in current policy
scenario and 14 times in net-zero scenario.

• The capacity mix shifts decisively toward Variable Renewable Energy (VRE): the share of RE
capacity (utility + captive) grows from about 43 per cent in 2025 to about 90-93 per cent by 2070.
Solar PV becomes the backbone with capacity reaching 3250 GW - 5500 GW under two scenarios;
onshore wind exceeds 1,000 GW, with offshore wind of about 50-70 GW as identified potential is
tapped, it stated.

• Battery storage is projected to expand from negligible levels today to about 1,300-1,400 GW
under Current Policy Scenario and 2,500-3,000 GW under Net Zero Scenario by 2070, while
pumped hydro reaches around 150-160 GW. These resources are critical for adequacy, managing
variability, and maintaining reliability in a renewables-dominated grid.

• Nuclear energy emerges as a strategic pillar of India's long-term power transition, scaling from 8.8
GW in 2025 to over 300 GW by 2070, providing firm, dispatchable, low-carbon power that is
essential for maintaining system reliability in a renewables-dominated grid.

Cumulative investment requirements reach approximately $ 8.79 trillion in Current Policy Scenario and $
14.23 trillion in Net Zero Scenario by 2070, it stated.

8. India Shines as ‘Country of the Year’ at BIOFACH Germany 2026, Showcasing Organic
Strength and Global Leadership

India has been designated as the Country of the Year at BIOFACH 2026, the world’s leading trade fare for
organic products, held from 10th to 13th February 2026 at Nuremberg. The Agricultural and Processed
Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry,
Government of India, is organizing India’s participation with a prominent and high-impact presence,
highlighting the country’s rich agricultural heritage and its growing stature as a reliable global supplier of
organic products. Trade visitors are being provided insights into Indian organic products, value creation
models, and partnership opportunities.

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