Nomura has forecasted strong growth in India's power sector, with a 7% annual increase in electricity demand expected from FY24 to FY27. This surge is driven by factors such as economic growth, increased electrification, and emerging demand from sectors like data centers, EV charging, and green hydrogen production. With changing weather patterns causing supply deficits, electricity consumption is anticipated to rise by 7.2% year-on-year in FY25. India is making significant progress in renewable energy adoption, with renewables projected to supply 35% of the country's electricity in FY25, up from 33.5% in FY24. The focus is on solar and wind energy, which are expected to cater to 75% of the incremental power demand by FY25. India aims to achieve 500 GW of renewable energy capacity by 2030, with renewables making up 55% of total installed capacity by FY30, supporting the nation's goal of achieving net-zero emissions by 2070. The coming years are expected to be shaped by the growth of data centers, EVs, and green hydrogen, with investments in power transmission infrastructure gearing up to meet the escalating demand for power and support the renewable energy revolution. With a positive outlook on renewable energy generation and power capacity expansion, India is on track to become a global leader in sustainable energy practices by leveraging technological advancements and strategic investments.