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GST reforms could save Rs 1.5 lakh crore for renewables as India targets 500 GW by 2030
Economy
Published on 24 April 2026
A sweeping GST change could unlock huge renewables savings
Renewable Energy Minister Pralhad Joshi said proposed GST reforms are expected to generate savings of Rs 1.5 lakh crore for India’s renewable energy sector. He added that the country is broadly on track to reach its 500 GW renewables capacity target by 2030, signaling policy support aimed at accelerating clean energy investment and deployment.
- GST reforms are projected to deliver Rs 1.5 lakh crore in savings for renewables
- Minister Pralhad Joshi says India is on track for 500 GW by 2030
- Policy changes could boost affordability and investment in clean energy
- Renewables capacity growth remains central to India’s 2030 plan
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times