NITI Aayog has released eleven reports on scenarios towards Viksit Bharat and Net Zero. The eleven reports highlight findings of a multi-sectoral, integrated assessment examining development pathways that fulfill the vision of Viksit Bharat 2047, while achieving net-zero greenhouse gas emissions by 2070.
One of the reports titled Scenarios towards Viksit Bharat and Net Zero: Financing Needs (Vol. 9) examines India’s investment requirements in the key sectors of power, transport, and industry. According to the report, a total investment of $22.7 trillion is required to achieve net zero across India’s power, transport, and industry sectors. Of this total amount, $12.3 trillion is required in the power sector, $4.3 trillion is needed in the transport sector, and the remaining $6.1 trillion is required for the industry sector.
Furthermore, the report models India’s energy transition under two scenarios, namely the current policy scenario and the net-zero scenario. Throughout India’s transition to net zero, investment requirements will increase sharply under both these scenarios. In the near to medium term (2026–2050), the current policy scenario requires $5.8 trillion in investments, whereas the net zero scenario requires investments of $8.1 trillion. In these initial years, investments will be front-loaded in renewable energy capacity, grid expansion, and industrial decarbonisation technologies. Additionally, over the long-term period (2050–2070), investments under the current policy scenario amount to $8.9 trillion, compared to $14.7 trillion under the net zero scenario.
