In the last few decades, technological advancements in the power sector have accelerated the evolution of the smart grid to make the grid more efficient, reliable, and secure. Being a consumer-centric technology, a lack of knowledge and awareness in consumers may lead to consumer opposition, which could imperil the grid modification process. This research aims to identify and prioritize the factors that can be considered barriers to technology acceptance for smart grid development in India. This study follows an integrated approach of literature review, AHP, and FERA. In the present work, 17 barriers have been identified and ranked on the basis of the social, technical, and economic paradigm. This study finds the impact of government policies and stakeholders' involvement in consumers' acceptance of smart grid technology and its importance towards improving the quality of life of Indians. The government should play as the main proponent. The present work will contribute to developing and upgrading the basic framework for the smart grid in a developing country like India.