India will easily meet its goal of installing 175 gigawatts of renewable capacity by 2022 given the rate at which clean energy tariffs—especially solar—are falling, according to NITI Aayog’s Chief Executive Officer Amitabh Kant.
Huge challenges as far as coal and gas projects are concerned. Many were taken without a power purchase agreement.
- We need to clean up air and provide a better quality of life, for which government measures are necessary.
- The future of electric vehicles lies in India and we must focus on pushing electric bikes and three-wheelers.
- We must ensure that EVs are charged with renewable, clean power.
- Next round of reforms must revolve around sectors like oil and coal and gas, mining. We must commercialise these areas, including railways to drive growth.
Growth Slowing Down In India
The NITI Aayog CEO also spoke about the economy slowing down, admitting candidly that one of the reasons for the drop are the structural reforms introduced by the government in quick succession. He said its crucial that the next round of reforms focus on sectors like oil and gas, mining and coal.
Watch the full interaction here:
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