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Renewable energy likely to get a deeper thrust in Budget 2023

The Budget 2023 will continue to focus on policy incentives to encourage investments in re-newable energy as India steps up its efforts to decarbonise the domestic power sector

January 23, 2023 / 10:10 AM IST
Renewable energy likely to get a deeper thrust in Budget 2023

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights India has ambitious plans to decarbonise its power sector The country needs to add 20-30 GW every year to reach the RE target by 2030 To fulfil target, an investment of over $200 billion is needed Last year’s budget provided a number of incentives to energise RE But there is still huge dependence on China for solar equipment To compete with China, we expect the government to take proactive measures in the RE sector One of the biggest themes in the global market today is...

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