Renewables Anchor India's Growth to $35T Economy, Says Aryaman Birla

• Renewables are seen as a central driver for India's ambition to become a $30-35 trillion economy, with power demand projected to nearly triple by 2047, as stated by Aryaman Birla.
• India aims for approximately 500 GW of non-fossil fuel capacity by 2030, with renewables expected to meet over half of the nation's energy demand by 2047.
• Blackrock’s Global Infrastructure Partners will invest Rs 3,000 crore in Aditya Birla Renewables Ltd, valuing the company at Rs 14,000 crore.
• This significant investment, one of the largest for a minority stake in an Indian renewable platform, supports Aditya Birla Renewables' goal of reaching 10 GW capacity.

Why It Matters: Renewables are pivotal for India's economic growth and meeting future energy demands.