India becoming favoured destination for renewable energy investment: Economic Survey
India is progressively becoming a favoured destination for investment in renewables, according to the Economic Survey 2022-23 tabled in Parliament on Tuesday.It said that as per the ‘Renewables 2022 Global Status Report’, during the period 2014-2021, total investment in renewables stood at $78.1 billion in India.“Investment in renewable energy has been close to or higher than $10 billion per year since 2016, except for a dip in 2020 likely due to various COVID-19 restrictions,” the Survey added.The Survey quoted the Central Electricity Authority (CEA) saying that it has projected the optimal generation capacity mix to meet the peak electricity demand and electrical energy requirement for 2029-30.“The likely installed capacity by the end of .....