New Delhi, February 27 Achieving sustained economic growth above 7.5 per cent will require significant expansion in manufacturing and electricity-intensive services such as AI, data centers, and IoT, according to a senior official.
The "Viksit Bharat" mission also envisions that renewable energy growth in India will increase in multiple dimensions, MNRE Secretary Santosh Kumar Sarangi was quoted as saying by the Sustainable Projects Developers Association (SPDA) in a statement.
Extending beyond utility-scale projects to distributed renewable energy, green open access, and emerging prosumer models enabled by digital platforms and the India Energy Stack will play a crucial role in this journey, the official said.
The Sustainable Projects Developers Association (SPDA) held its Annual Meet recently in New Delhi.
Addressing the meet, SPDA Chairman Vineet Mittal, who is also the Chairman of Avaada Group, said, "India's renewable energy sector has demonstrated strong execution capabilities, moving from projects measured in single-digit megawatts to consistently delivering capacity additions approaching 50 GW annually."
This growth reflects policy vision, investor confidence, and the strength of Indian developers.
The sector now supports nearly a million jobs and has evolved from being largely import-dependent to building domestic manufacturing capacity in modules and cells.