Growth and Economic Impact of Solar Energy in India

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Dr. Subhash Chand

Growth and Economic Impact of Solar Energy in India

Authors: Dr. Subhash Chand

Unique Paper ID: 172292
Volume: 11
Issue: 8
PageNo: 2563-2569

Keywords: renewable energy government policies economic opportunities Solar energy.

Abstract:
India, endowed with abundant solar radiation, has emerged as one of the global leaders in solar energy development. India has enormous potential for solar energy. India's land area receives about 5,000 trillion kWh of energy annually, with the majority of its regions receiving 4–7 kWh per square meter per day. Volatility in power supplies is a problem for the Indian power industry. India's primary energy source is coal, which is not a sustainable long-term solution. Therefore, renewable energy is the way of the future for India's energy supply, and solar energy is the most well-known and dependable renewable energy source. With ambitious renewable energy targets, favourable government policies, and significant investment in solar infrastructure, India is poised to leverage its solar potential for sustainable growth. This paper explores the growth trajectory, economic opportunities, challenges, and future potential of solar energy in India, focusing on its role in energy security, job creation, and climate change mitigation.

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Cite This Article

ISSN: 2349-6002
Volume: 11
Issue: 8
PageNo: 2563-2569

Growth and Economic Impact of Solar Energy in India

Available:https://ijirt.org/article?manuscript=172292

16 Feb, 2025

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UGC Approved
Journal no 47859

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