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India's Green Leap: Pathways to Resilient Growth
BANKING FINANCE
|October 2025
India's renewable energy capacity has witnessed remarkable growth, expanding five-fold from 24 GW in 2014-15 to 136 GW in 2024-25. Non-fossil fuel sources now account for 45% of the total energy mix, a significant leap from just 29% a decade ago.
India stands at a critical juncture in its development journey, where rapid economic growth must be balanced with environmental responsibility. As the world's fifth-largest economy and home to 140 crore people, India's decisions and actions have a profound impact on the global climate trajectory. The country's bold commitment to achieving net-zero emissions by 2070, while ensuring inclusive and equitable development, sets the stage for an ambitious transformation. India is charting a path toward a greener, more resilient future through energy transition, the adoption of green technologies, strong policy frameworks, climate finance, and active citizen engagement.
The Green Energy Revolution
Unprecedented Growth in Renewables
India's renewable energy capacity has witnessed remarkable growth, expanding five-fold from 24 GW in 2014-15 to 136 GW in 2024-25. Non-fossil fuel sources now account for 45% of the total energy mix, a significant leap from just 29% a decade ago. The nation has set an ambitious target of 500 GW of non-fossil fuel-based capacity by 2030, with 135 GW already under construction or development.
Solar, wind, nuclear, and biofuels form the backbone of this transition. Solar energy, in particular, has seen exponential expansion, supported by large-scale solar parks and decentralized rooftop installations. Wind energy projects along the western and southern coasts, along with emerging offshore wind initiatives, further diversify the renewable portfolio. Nuclear power, though a smaller component, is gaining renewed attention with the introduction of small modular reactors.
Balancing Fossil Fuels and Clean Energy
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