The Energy and Resources Institute (TERI) has proposed to revive the Indian economy by exploiting potential of around Rs 40 lakh crore in clean energy projects over the next 10 year through government policy interventions but with minimum public spending.
TERI has released a discussion paper on ‘A Fiscally Responsible Green Stimulus’ to revive the Indian economy by creating demand and jobs with policy and regulatory interventions using minimal government spending, a TERI statement said.
The Green Stimulus proposed by the TERI is about Rs 40 lakh crore (or USD 540 billion), spread over this decade by 2030.
TERI suggested to incentivise cleaner transport, which has the investment potential of Rs 1.6 lakh crore per annum.
