Explanation:

As per the Energy Outlook 2021, published by the International Energy Agency (IEA), India will overtake the European Union as the world's third-largest energy consumer by 2030.
• India at present is the fourth-largest global energy consumer behind China, the United States and the European Union.
• India accounts for nearly one-quarter of global energy demand growth from 2019-40 -- the largest for any country. Its share in the growth in renewable energy is the second-largest in the world, after China.
• By 2040, India's power system is bigger than that of the European Union, and is the world's third-largest in terms of electricity generation; it also has 30 per cent more installed renewables capacity than the United States.