India is expected to see a significant rise in green investments, with a projected five-fold increase to Rs 31 lakh crore between 2025 and 2030, according to a Crisil report released on Wednesday.
The report, presented at Crisil’s ‘India Infrastructure Conclave 2025′ in New Delhi, outlines key areas for investment.
Of the total Rs 31 lakh crore, Rs 19 lakh crore will likely go into renewable energy and storage, Rs 4.1 lakh crore into the transport and automotive sectors, and Rs 3.3 lakh crore into oil and gas.
This growth is part of the broader goal to meet India’s net-zero emissions target by 2070, with an estimated $10 trillion in investments required to achieve this.
Key commitments include reducing carbon intensity by 45% by 2030 from 2005 levels and increasing the share of non-fossil-fuel-based power capacity to 50%.
Amish Mehta, Managing Director and CEO of Crisil, stated, “As the fastest-growing large economy over the medium term, India has a window of opportunity to balance its developmental and environmental aspirations and priorities.”
“Considering the government’s and corporates’ plans, along with on-ground progress, we estimate green investments will reach Rs 31 lakh crore by 2030,” he added.
India’s renewable energy capacity grew by 15.84% to reach 209.44 GW in December 2024, up from 180.80 GW in December 2023.
In 2024, the country added 28.64 GW, marking a 119.46% increase compared to the 13.05 GW added in 2023, according to the latest government data.
The report also highlighted the availability of debt financing for lower-risk technologies such as solar and wind power, along with electric vehicles.
However, for higher-risk projects like green hydrogen and energy storage, the report emphasized the need for government grants and incentives to improve viability.
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