Many investors have dubbed the next 10 years as ‘India’s decade’. The country’s projected GDP in 2024 is 7 percenti, with rising disposable income of 15%ii, and a 1.43 billion population according to UN estimates, India may offer enviable long-term opportunities for decades to comeiii.
Amidst a slew of sectors tipped for strong growth during this decade of transformation, is renewable energy. India’s stated goal is to pursue net zero emissions by 2070, with the government announcing its aim to have 90% of its energy sourced from renewable sources by 2047iv. To reduce its reliance on fossil fuels by this time, the nation would need to more than double its production of renewable energy.
