Budget 2020: Access to uninterrupted and affordable electricity will be key to achieve India’s $5 trillion economy goal

January 30 2020

Sterlite Power

 

  • Access to reliable and affordable electricity will be key to achieve India’s $5 trillion economy goal
  • Private sector participation in the power transmission sector is another success story that has brought down tariffs by 40 percent and ensured timely completion of projects
  • For a robust energy ecosystem, major reforms are required in the distribution sector

India has come of age in the last decade. She found her identity on a global stage. When faced with a vacuum of global leadership towards climate action, she took charge of ambitious targets for renewable energy generation and played a crucial role in the formation of the International Solar Alliance—a group of 121 ‘sunshine’ countries. Most importantly, India announced its ambitious plan to be a $ 5 trillion economy by 2024-25.

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