Indian Renewable Energy Industry Analysis

India ranks 4th in the world in terms of installed renewable energy capacity and India's non-fossil fuel energy has grown by over 25% in the previous 7 years.

Advantage India

Robust
Demand

* In June 2021, Prime Minister Mr. Narendra Modi stated that renewable energy capacity in India increased by 250% between 2014 and 2021.

* The Central Electricity Authority estimates India’s power requirement to grow to reach 817 GW by 2030. Most of the demand will come from real estate and transport sectors.

Increasing
Investments

* Non-conventional energy sector received FDI inflow of US$ 12.57 billion between April 2000-June 2022.

* Rising foreign investment in the renewable sector (such as the US$ 75 billion investment from the UAE) is expected to promote further investments in the country.

Policy
Support

* In the Union Budget 2022-23, the government allocated Rs. 19,500 crore (US$ 2.57 billion) for a PLI scheme to boost manufacturing of high-efficiency solar modules.

* India launched the Mission Innovation CleanTech Exchange, a global initiative that will help accelerate clean energy innovation.

Competitive
Advantage

* Globally, India ranks fourth in renewable energy capacity and wind power and fifth in solar power capacity.

* In October 2021, India retained its third rank on the EY Renewable Energy Country Attractive Index 2021.

Last updated: Dec, 2022

Posters

MORE
TAKING THE CLEAN ROUTE

TAKING THE CLEAN ROUTE

India is the fourth most attractive country on the renewable energy index globally.

IBEF Campaigns

MORE
Gulfood Dubai 2023

Gulfood Dubai 2023

APEDA India Pavilion Gulfood February 20th-26th, 2022 | World Trade Cent...

India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nurember...

Case Studies

MORE

Growth and Expansion of India’s Edtech Industry

Growth and Expansion of India’s Edtech Industry

Education has always been a prominent sector in the development and growth of India, and the government has always been focused on implementing polici...

Rise of the Indian Aviation Market

Rise of the Indian Aviation Market

India has become the third-largest domestic aviation market in the world and is expected to overtake the UK to become the third-largest air passenger ...

India's Agritech Ecosystem

India's Agritech Ecosystem

Agriculture plays a crucial role in developing India's economy. According to Census 2011, almost 54.6% of the country's workforce is engaged i...

IBEF BLOG

MORE
Asset Monetisation: Unlocking Capital for Infrastructure Development
23 Mar 2023

Asset Monetisation: Unlocking Capital for Infrastructure Development

Introduction The Government of India's objective of making India a US$...

Agriculture 4.0: Future of Indian Agriculture
23 Mar 2023

Agriculture 4.0: Future of Indian Agriculture

Overview of Agriculture in India Agriculture plays a significant role in I...

ONDC to present opportunities to India’s local retailers
13 Mar 2023

ONDC to present opportunities to India’s local retailers

Introduction India is the world's second-largest digital economy in te...

Partners
Loading...