Budget 2024: How budget planning can help stimulate growth of renewable energy

Budget 2024: In the past few years, the Government of India has been pacing up its interventions to meet the ambitious clean energy targets, i.e. to steer the country towards 50% cumulative installed power generation capacity from non-fossil fuel sources by 2030; and achieving net zero by 2070. India currently has an installed generation capacity of 187 GW from non-fossil fuel sources including 133 GW from renewable energy (RE) sources, as of November 2023.

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