India is firmly on track to meet its ambitious target of 500 gigawatts of renewable energy capacity by 2030, according to Pralhad Joshi, Union Minister for New and Renewable Energy, speaking at BT Davos 2026. In conversation with Siddharth Zarabi, Group Editor, Business Today, and Rajdeep Sardesai, Consulting Editor, India Today TV, the minister revealed that India’s installed renewable capacity has already crossed 260 gigawatts, with 49 gigawatts added in the last calendar year alone. He highlighted policy reforms, private sector participation, decentralised renewable energy expansion and the inclusion of nuclear power—including small modular reactors—as part of India’s broader clean energy strategy. Emphasising that India accounts for 17% of the world’s population but only around 4% of global emissions, Joshi said the country is emerging as a global leader in the energy transition while maintaining growth and energy security.
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