Growth and Pattern of Renewable Energy in India: A Way for Sustainable Development

Abstract

The main objective of the present study is to analyse the growth and pattern of renewable energy in India. Renewable energy is generated from natural sources, which are replenished more quickly than consumed. Renewable energy has a significantly positive impact on protecting the environment from the problem of carbon emissions, which is most required in India, as India is the fourth largest nation producing the highest carbon emission. As being a developing nation, the energy requirement has continuously increased in India, and it is expected India will become third larger country that requires energy sourced after China and US up to 2040. The study observed that the energy deficit in the normal and peak periods has declined, and the share of renewable energy reached 20.3 per cent in 2021-22. Moreover, the majority of renewable energy is owned by the private sector, and the western coastal states of India have the highest density of renewable energy. The study suggested optimum policy recommendations to enhance renewable energy and promote sustainable development in India.