Renewable Energy: India received $4.8 billion FDI in last five years

Foreign Direct Investment: Prime Minister Narendra Modi’s big push to increase the generation of renewable energy in the country has received foreign direct investment worth $5 billion during his first tenure. Prime Minister Modi has set an ambitious target of generating 175 gigawatts of renewable energy by 2022 when India completes 75 years of its independence from the British rule. However, such an ambitious target will require an investment of $30 billion per year.

Economic Survey released early this month has estimated that the country will need $80 billion investment in the sector in the next three years.