New Delhi, Nov. 13 -- The International Energy Agency (IEA) has projected that India will become the largest demand hub for energy, including oil, gas, and electricity, by 2035. In its latest energy outlook, the intergovernmental organization said that over the next 10 years, nearly half of the additional global energy demand would come from India.

Mint explains the factors behind the projected demand growth, trends in other major economies and its impact on the global energy market.

IEA, in its latest outlook, has said oil consumption would continue to grow till 2050, reversing its previous projections of 'peak oil' backed by strong demand from petrochemicals, aviation and transport sectors.

Its assumptions are based on a stated polic...