March 31, 2020
India’s Economic Survey Pitches for USD 330 billion in investment in Renewables by 2030
The latest Economic Survey of India 2018–19 indicates that additional investment in renewable plants for up to the year 2022 (without transmission lines) would be about USD 80 billion at today’s prices and USD 250 billion would be required for the period 2023–2030. Thus, on an annualized basis, investment opportunity for over USD 30 billion per year is expected to come up for the next decade and beyond. India comes at fourth and fifth respectively in installed wind and solar capacity as per the survey.