Page 25 - Banking Finance October 2025

ARTICLE

India's Green

Leap: Pathways

to Resilient

Growth Ajay Pandey

Chief Manager - Faculty
Union Learning Academy
Sales and Marketing -Bhopal

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.

I ndia stands at a critical juncture in its development Solar, wind, nuclear, and biofuels form the backbone of this
transition. Solar energy, in particular, has seen exponential
journey, where rapid economic growth must be
balanced with environmental responsibility. As the
world's fifth-largest economy and home to 140 crore people, expansion, supported by large-scale solar parks and decentralized
rooftop installations. Wind energy projects along the western and
India's decisions and actions have a profound impact on the southern coasts, along with emerging offshore wind initiatives,
global climate trajectory. The country's bold commitment further diversify the renewable portfolio. Nuclear power, though
to achieving net-zero emissions by 2070, while ensuring a smaller component, is gaining renewed attention with the
inclusive and equitable development, sets the stage for an introduction of small modular reactors.
ambitious transformation. India is charting a path toward a
greener, more resilient future through energy transition, the Balancing Fossil Fuels and Clean Energy
adoption of green technologies, strong policy frameworks, Despite the surge in renewables, coal remains the dominant
climate finance, and active citizen engagement. source, contributing around 56% of India's primary energy
supply in 2023. The government's approach is pragmatic-
The Green Energy Revolution while scaling up coal production to meet growing energy
demands, it simultaneously accelerates the deployment of
Unprecedented Growth in Renewables renewables and nuclear power, creating a diversified and
India's renewable energy capacity has witnessed remarkable resilient energy mix.
growth, expanding five-fold from 24 GW in 2014-15 to 136
GW in 2024-25. Non-fossil fuel sources now account for 45% Strategic Policies and Technological
of the total energy mix, a significant leap from just 29% a Innovation
decade ago. The nation has set an ambitious target of 500
GW of non-fossil fuel-based capacity by 2030, with 135 GW Policy Support and Regulatory Frameworks
already under construction or development. India's energy transition is underpinned by robust policy

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