It is again that time of the year when the country looks forward to announcements made in the Union Budget. Budget 2022 is all the more important as the world, including, India is trying to cope with the Covid-19 pandemic and its aftereffects. Also, Budget 2022 gains further importance as India has embarked upon the journey to becoming a $ 5-trillion economy by 2025, a target for which this budget will lay the foundation and roadmap.
Renewable sector is one of the main contributors to infrastructure development and is a theme for the future with the focus on electric vehicles, solar cells, green hydrogen, etc. At the CoP26 climate summit in Glasgow, India pledged to become a ‘net zero’ carbon emitter by 2070 and announced enhanced targets for renewable energy deployment and reduction in carbon emissions.
