Clean energy can shore up Indian economy from current downturn: Niti Aayog
Niti Aayog CEO Amitabh Kant on Friday said clean energy has potential to shore up the Indian economy from the current downturn, urging investors to exploit long-term opportunities in the sector.
Speaking at a webinar organised by the Council on Energy Environment and Water (CEEW), Kant said India offers an exciting long-term market for both domestic and international investors in clean energy space.
He said capital flow in the developing world is the need of the hour and paradigm shift will be critical for sustainable economies in the post Covid-19 era.
Apart from the liquidity enhancement measures and the rather bold reforms in the energy sector announced by the government, the domestic bond market offers another opportunity that must be tapped to finance the energy transition, Kant said.
