The competition between India and China in the cleantech sector is intensifying as both nations strive for dominance. China currently holds a significant lead due to its early investments in clean energy technology and manufacturing. The country boasts a 60% share of the wind foundation market and a remarkable 97% share of solar PV wafer production. On the other hand, India is rapidly increasing its investment in the cleantech market, with initiatives like the Production-Linked Incentive scheme driving down solar PV manufacturing costs by up to 24%. India's focus on clean energy is evident through a $68 billion investment in clean energy projects in 2023, a 40% increase from the previous average. Prime Minister Narendra Modi's commitment to add 500 GW of clean energy by 2030 highlights India's ambition to lead in renewable energy. The country is on track for a significant growth in renewable energy capacity by 2030. Despite India's progress, challenges persist, such as dependency on China for key inputs like wafers and polysilicon. Moreover, the country's increasing energy demand poses a risk of higher carbon emissions if reliance on fossil fuels continues to grow. However, with strategic investments and government support, India aims to overcome these challenges and emerge as a key player in the global cleantech landscape.