As India sets its sights on becoming a developed nation by 2047, the delicate balance between economic growth and environmental sustainability remains critical. With nearly 75% of the nation’s greenhouse gas emissions stemming from energy use, the energy sector serves as both a cornerstone of development and a significant challenge in terms of sustainability.

India’s pathway to a low-cost, sustainable transition necessitates integrated energy planning. Striking a balance between emissions reduction and economic growth requires robust strategies that promote energy efficiency, conservation, and the adoption of renewable energy. Additionally, addressing energy poverty is crucial, especially in bridging the urban-rural energy divide, ensuring equitable energy access for all Indians by 2047.

India's energy consumption per capita remains well below the global average, but as the economy grows, so will its energy needs. By 2047, India's per capita energy consumption is expected to nearly double, while the share of electricity in the energy mix will increase to 40%, up from 18.3% in 2022. The focus on electrification, including electric cooking, and reducing reliance on biomass in rural areas, will be essential in achieving cleaner energy use across the country.

India’s current reliance on imported fossil fuels—crude oil (88.9%), natural gas (43.3%), and coal (25.04%)—poses challenges to energy security. However, as the demand for energy doubles by 2047, fossil fuel consumption is expected to stabilize, with clean energy sources set to account for 40% of the energy mix. Yet, as the nation shifts towards renewables and cleaner fuels, mineral security becomes a critical issue, given the concentration of global mineral supplies in countries like China and the Democratic Republic of Congo. Diversifying supply chains for essential minerals like cobalt and lithium is a strategic necessity to avoid simply trading one form of dependency for another.

Natural gas, with its lower emissions profile, could be a key transition fuel, particularly in rural areas where biomass still dominates. The gas supply from India's reserves is projected to more than triple by 2047, aligning with the vision of a gas-based economy. Additionally, nuclear energy is set to expand, with growing interest in Small Modular Reactors (SMRs), which offer potential as a low-emission baseload power source despite concerns about safety and long project timelines.

The transition to renewable energy sources, particularly solar and wind, is hindered by infrastructure challenges and cost concerns. Pricing energy remains a contentious issue, with electricity subsidies distorting market dynamics and potentially stalling progress towards energy efficiency. Phased implementation of models like Direct Benefit Transfer (DBT) could drive substantial efficiency gains, supported by greater adoption of solar rooftops, smart meters, and consumer demand management strategies.

India's energy transition will require a people-centric approach that ensures equitable access to clean energy while maintaining economic competitiveness. NITI Aayog, in collaboration with institutions like the Ashoka Centre for People-centric Energy Transition, is developing a roadmap for achieving a net-zero economy by 2070. This plan includes sectoral strategies across agriculture, manufacturing, transport, and power, along with provisions for securing critical minerals and innovative financing mechanisms to support the journey towards sustainability.

As India works towards these ambitious goals, the energy transition will not only shape the country’s environmental future but also its economic resilience, global competitiveness, and the quality of life for its citizens.