NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

The energy industry today might be in a turmoil like never before but companies, both public and private funded, have risen to the occasion and are committing investments at a historic pace across the spectrum. The industry owes a large part of this resilience to the tremendous wealth of leadership acumen accumulated over decades of experience and a breathtaking resolve to tide over this period of crisis, with the right kind of focus on technology and innovation, aided by supportive policy measures.

The growth story of India’s energy sector is a prime example of this strong leadership rooted in resilience and resolve. Within a relatively short span, the country has emerged as the global energy powerhouse – specifically in crucial areas like energy transition – driven by a strong and stable demand profile, a robust policy and technology backbone supporting supply initiatives and a world class manufacturing setup. It is not surprising, therefore, that India today boasts of an enviable scale and pace of capacity creation in key areas like renewable energy generation, clean mobility and digitalisation of the energy assets. The country is currently also implementing a strong blueprint for growth in futuristic areas like Green Hydrogen, energy storage and nextgen clean energy technologies – a testament of its unwavering resolve to further strengthen its rightful place as the global energy leader.