Union Minister Pralhad Joshi spoke at the BNEF Summit in New Delhi about the burgeoning renewable energy sector in India and its positive impact on the economy. He highlighted the steps taken by the government to promote renewables, citing the competitive industry structure and low cost of solar power in the country. Joshi emphasized the importance of decarbonizing the electricity sector by meeting incremental demand from non-fossil fuel sources and developing large-scale grid storage. The government plans to implement policies supporting pumped storage projects and the manufacturing of high-efficiency solar PV modules. Furthermore, he discussed the progress of the National Green Hydrogen Mission, aiming to boost green hydrogen production capacity in India. The minister also mentioned the significant increase in renewable energy generation and the decrease in tariff rates for solar power plants under the leadership of PM Modi. Various initiatives and schemes are underway to drive India towards a green economy, including the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme and the promotion of green ammonia production. Through these efforts, India is steadily progressing towards a sustainable and renewable energy future.