India’s annual electricity requirement is projected to double over the next decade, reaching about 4 000 TWh by 2035, driven by rapid industrialisation, urban growth and the electrification of transport, according to a new study from investment manager OmniScience Capital.

The report singles out three fast growing consumers—electric vehicles (EVs), data centres and the rail network—which together are expected to soak up roughly 500 TWh, or 12–13 per cent of total demand. Their rise signals a shift away from the historical dominance of household and traditional industrial loads.

OmniScience Executive Vice President Ashwini Shami said the trend reflects “accelerating industrial growth, digital transformation and a rising quality of life” and opens significant investment doors in renewables, grid upgrades and storage.

Per capita use is forecast to jump from 1 400 kWh in 2024 to 2 575 kWh in 2035 as incomes climb and more energy intensive appliances enter homes. The commercial and services sector will be another major driver: its power draw is set to rise 4.4 fold to 798 TWh, a compound annual growth rate of 13.2 per cent, giving it nearly one fifth of national consumption.

Transport will see the fastest growth, with usage by EVs and electrified railways surging from 25 TWh in 2022 to 162 TWh in 2035—a 16.8 per cent CAGR—underpinned by government targets for net zero emissions, a 500 GW renewable capacity, wider EV adoption and nationwide charging infrastructure.

Overall, the report argues, India’s energy transition is no longer optional: it is essential to sustain economic momentum while meeting climate goals, and it creates a multi billion pound opportunity for investors prepared to back green generation and modernised grids.