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Beyond Solar: India's $1.1T Green Market Unlocked
26 Nov
Summary
- India could attract $4.1 trillion in green investments by 2047.
- The study identifies 36 green value chains beyond energy transition.
- Green economy could create 48 million full-time equivalent jobs.
India is poised for a significant green economic transformation, with projections of attracting $4.1 trillion in green investments and creating 48 million full-time equivalent jobs by 2047. A comprehensive national assessment reveals 36 green value chains, extending beyond conventional areas like solar and electric vehicles. These include emerging sectors such as bio-based materials, agroforestry, green construction, and circular manufacturing.
The study highlights that this green transition is fundamentally net positive for India. It is expected to accelerate economic growth, improve public health, and bolster national security by reducing reliance on imported fuels. Key sectors like energy transition, particularly electric mobility, are projected to generate 16.6 million jobs and attract substantial investment. The bio-economy and nature-based solutions are also poised to create 23 million jobs and unlock significant market value.
Experts emphasize the need for stable policies and innovative financing to de-risk investments and mobilize capital for this green frontier development model. By embracing circularity and resource efficiency, India can establish a new development pathway, setting a global benchmark for green growth. This strategic shift is crucial for securing future fuels and resources, reducing import dependency, and achieving a 'Viksit Bharat'.
