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.
India is rapidly expanding its bioeconomy, rising from roughly $10 billion in 2014 to more than $195 billion in 2025, according to Jitendra Singh. The government’s direction points to reaching a $300-billion milestone by 2030, highlighting momentum in biotech, research, and bio-based industries as policymakers aim to scale impact.
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