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India’s Electricity Demand to Triple by 2035, Driven by EVs, Industry & Data Centers

India is set for a significant surge in electricity consumption, with total demand expected to rise from 1,400 TWh in 2023 to 4,041 TWh by 2035, according to Omniscience Capital’s report Watt’s The Future. This projected 9.2?GR is driven by rapid urbanization, industrial growth, digital infrastructure expansion, and national initiatives like ‘Make in India.’

Per capita electricity consumption will nearly double to 2,576 kWh, though still trailing China and the U.S., indicating future growth potential. Industrial consumption will dominate, reaching 1,650 TWh (41% of total), followed by residential (27%), commercial (20%), agriculture (8%), and transport (4%). Transport is the fastest-growing sector, fueled by EV adoption and charging infrastructure, with electricity use growing at 16.8?GR.

A combined 500 TWh of demand will come from EVs, data centers, and Indian Railways by 2035. Data centers alone could account for 300 TWh, backed by a 34 GW installed capacity. The report also highlights improved efficiency across sectors and investment opportunities in renewables, EVs, and power infrastructure.

India’s electricity sector, valued at Rs74.4 lakh crore as of June 2025, may require Rs60–65 lakh crore investment by 2035. Policy support and private capital will be key to achieving 500 GW renewable targets and net-zero ambitions.