India Renewable Energy Market Report and Forecast 2032

Lily Desouza24 Jun, 2025Business

The India Renewable Energy Market is anticipated to register a CAGR of around 9.20% during the forecast period, i.e., 2025-32. In an effort to lower carbon emissions & lessen dependency on fossil fuels, India plans to install 500 GW of renewable energy capacity by 2030. Also, with significant investments, regulatory backing, and international cooperation, India is headed toward becoming one of the world's biggest markets for renewable energy. Solar, wind, biomass, and small hydropower make up India's more than 120 GW installed renewable energy capacity as of 2023. Along with this, by 2030, green energy is predicted to be responsible for around half of India's total power capacity,