India: The Future Driver of Global Oil Demand Goldman Sachs projects that India will lead global oil demand growth over the next two decades, accounting for one-third of the increase in the coming decade. This is fueled by: Rising incomes Expanding industrialization Growing air travel Even with EVs and biofuels on the rise, India’s oil consumption is set to climb steadily. The world will watch India — not just as an energy consumer, but as a shaping force in the global oil market. #indiaenergy #oildemand #goldmansachs