Union Minister for New and Renewable Energy, Pralhad Joshi, on Thursday declared that the next decade belongs to India, highlighting the country’s ambitious clean energy transition as a catalyst for industrial growth, job creation, and affordable electricity. Speaking at the World Economic Forum in Davos, he said India’s energy strategy under Prime Minister Narendra Modi has been deliberately designed as a people-centric movement while strengthening energy security and lowering costs for businesses and households.

Minister Joshi noted that India has already achieved 267 GW of installed non-fossil energy capacity, with renewables accounting for around 52 percent of the country’s total power capacity, surpassing earlier timelines. “From Davos to Delhi, the next decade belongs to India,” he said, stressing that the energy transition is not just an environmental imperative but a driver of industrial competitiveness and economic growth.

Highlighting flagship initiatives, Joshi cited the PM Surya Ghar: Muft Bijli Yojana, which has installed rooftop solar systems in 2.7 million households, and PM-KUSUM, which solarised irrigation pumps for over 2.1 million farmers. These programmes not only provide affordable energy but also turn households and farmers into “prosumers,” boosting incomes while reducing dependence on subsidised power.

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The Minister also pointed to India’s expanding renewable manufacturing sector, with 144 GW of solar module production and 27 GW of solar cell capacity, set to rise to 50 GW soon. He highlighted the rapid development of wind energy, battery storage, and pumped storage solutions as critical to grid reliability, domestic supply chains, and employment generation, reinforcing India’s industrial competitiveness in clean energy.

In diplomatic engagements, Joshi met officials from Jordan, Zimbabwe, and the International Energy Agency to explore investment partnerships, policy cooperation, and innovative financing mechanisms aimed at lowering capital costs for clean energy projects. These efforts reflect India’s focus on international collaboration to accelerate its energy transition and strengthen global partnerships.

Madhya Pradesh Chief Minister Mohan Yadav also addressed the forum, highlighting India’s rapid economic growth and Madhya Pradesh’s potential in solar energy, agriculture, IT, tourism, and poultry. He noted that the state’s strategic location, ample power availability, and supportive government initiatives position it as a hub for domestic and international trade and investment in the coming decade.

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