Report Summary

India is at a turning point in its energy journey. The need for a reliable, affordable, and sustainable power sector to fuel India’s ambitions for a 5 trillion economy and Viksit Bharat has never been greater. IIR 2024 is a deep dive into the critical role of India’s power sector in the nation’s energy transition. With a unique blend of academic rigour, industry insights, and policy perspectives, this report is an essential resource for decision-makers, researchers, and businesses shaping India’s energy future.

IIR 2024 report explores the key drivers of the transition, from power generation, transmission and distribution to markets, finance, and governance. It addresses challenges like grid modernisation, financing sustainable energy, emerging technologies, and India’s path to a just low-carbon future while ensuring energy security and affordability.

IIR 2024 brings in global experiences, actionable insights, and future-ready recommendations for policymakers and industry leaders.

Whether you are in government, business, or academia, IIR 2024 is your guide to understanding and navigating India's energy transition....

Article Synopsis

This paper employs time series and panel ARDL methods to investigate the impact of economic globalization and productivity on labour share in India and China at both the aggregated and disaggregated industry levels. The study makes three significant contributions: (1)creating comparable trade data at 27 disaggregated industry levels, (2)exploring whether the change in labour share is due to wage-productivity gap and/or capital income growth, and (3)empirically evaluating the impact of economic integration and productivity on labour share. The study finds that the wage-productivity gap and high growth of capital income are crucial factors for declining labour share in India. The results establish the dominant role of economic integration and capital intensity in explaining labour share...

Article Synopsis

The article highlights how the Electricity (Amendment) Bill, 2022, attempts to resolve structural problems in the sector. Once implemented, it will make the sector financially viable and sustainable, foster investments, encourage growth in renewables, and give consumers the choice of the distribution company from which to purchase electricity. It will bring financial discipline and accountability for all parties, including regulators.

Report Synopsis

Power Foundation of India (PFI), in association with BNEF, has published a report titled Financing India’s 2030 Renewables Ambition which has assessed total investments required for India to reach 500GW non-fossil fuel power generation capacity by 2030, along with the existing renewable energy market challenges faced by investors and project developers.

India has been undertaking one of the world’s largest renewable energy expansion programmes in the world and this transition to clean energy is an enormous economic opportunity for the country. The report has drawn upon the experiences from emerging markets and developing economies and has briefly outlined the innovative financing techniques for India to achieve its target by 2030.

If the country is to achieve its renewable energy installation commitment by 2030, an average of USD 27.9 billion will be required annually from 2022 to 2029. Growth in power generation capacity will also require parallel investments in the transmission and distribution grid.

Chapter Synopsis

Given India's coal ecosystem and the energy trilemma it faces along the desired growth trajectory, it is imperative to have a strategy for decarbonisation that defines a short, medium, and long-term approach. This chapter discusses the challenges of navigating the maze of the energy trilemma – Access, Security, and Sustainability – as India aspires to rapidly grow and develop. The chapter also charts out a strategy for a just energy transition taking into consideration the imperatives of the role of coal and fossil fuels, alongside clean energy technologies and demand management, in achieving the growth objectives in a sustainable manner...