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Business
India to Be World's Second Largest Renewable Energy Growth Market by 2031: IEA
✍️ BusinessLine
🗓 07 Nov 2026, 05:59 AM
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According to the International Energy Agency (IEA), India is projected to become the world's second largest renewable energy growth market by 2031.
The International Energy Agency (IEA) has released a report predicting India's significant growth in the renewable energy sector. By 2031, India is expected to become the world's second largest renewable energy growth market, following China. This surge in renewable energy adoption is driven by India's ambitious targets for clean energy and its commitment to reducing carbon emissions. The IEA report highlights the increasing importance of renewable energy in India's energy mix, reflecting the country's efforts to transition towards a more sustainable energy future.