India has made significant strides in its solar power growth, with a manufacturing capacity of 63 GW in solar PV modules. The government's various initiatives, such as the Production Linked Incentive Scheme and domestic content requirements, have propelled the domestic production of PV modules. Additionally, the PM-Surya Ghar: Muft Bijli Yojana scheme has led to a substantial number of residential rooftop solar installations, with Gujarat leading the way. India installed 30 GW of new power generation capacity in the past twelve months, with over 75% coming from renewable energy sources, particularly solar. The country's cumulative installed power capacity has reached 454 GW, with renewables, including large hydro, accounting for 45%. India Ratings expects further capacity additions dominated by renewables, with significant under-construction and development projects in solar and wind energy. Furthermore, India has witnessed a remarkable increase in solar PV module exports, with a notable rise in export value from FY 2022 to FY 2024. The country's climate policies have been effective in reducing carbon emissions, with plans to save 3,950 MtCO2 between 2020 and 2030. Moreover, India anticipates a substantial investment opportunity in the battery energy storage ecosystem, with projections to increase storage capacity significantly by FY 2032. The Ministry of New and Renewable Energy is considering mandating energy storage for solar and wind projects to ensure stable power supply. Lastly, India is gearing up for a significant investment in green hydrogen, with an estimated INR 8-10 trillion required by 2030 to develop a sustainable green hydrogen ecosystem.