India’s Solar And Renewable Energy Push Signals Challenge To Chinese Dominance

As finance minister Nirmala Sitharaman read out her Budget speech in Parliament on 1 February, the stock prices of domestic solar manufacturers such as Adani Solar, Tata Power and Suzlon rose sharply in response to government’s big push to green energy. With India setting specific goals for the reduction of carbon emissions as seen from the signalling at the COP-26 summit, the competition for dominating the global renewable energy markets is something to watch out for.