With rapid economic growth and favorable population structure, India became one of Asia's investment in hot land in 2023.Although India's per capita emissions are lower than many countries, in general, India is still the third largest carbon emission country in the world and the third largest energy consumer in the world.The average annual GDP growth of India from 2024 to 2031 is expected to exceed 6%. It is expected to promote energy demand by 30%and 90%by 2030 and 2050.Energy transformation is expected to promote renewable energy and hydrogen energy to replace energy growth. At the same time, it can also help the high -emission industry transformation and release new growth opportunities.

India has gradually increased climatic policies, including the establishment of a net zero emissions commitment in 2070 and 45%of carbon emissions (from 2005).

In order to achieve the promise of net zero emissions in 2070, India estimates that it needs to obtain a $ 10 trillion climate financing through public and private channels.Public offering and development financing obtained through hybrid financing can bring more private investment and capital to climate investment.The Indian government has issued a $ 1 billion sovereign green bond in 2023. The World Bank has also approved $ 1.5 billion in financing to accelerate the development of low -carbon energy in India.

From 2024 to 2030, India is expected to increase an infrastructure investment of about 14.3 trillion rupees, of which green infrastructure will occupy an important share.According to the Indian government's national infrastructure pipeline plan, the infrastructure capital expenditure from 2020 to 2025 will reach 1.33 trillion US dollars, covering roads, urban infrastructure, railways and energy projects.Among them, the government will use a large amount of funding for solar energy and hydrogen energy power generation, power transmission, energy storage and power grid capacity projects.Surat Investment

In addition, India's cumulative installed capacity of renewable energy ranks fourth in the world. The Indian government proposed that by 2030, the target of renewable energy installation capacity will reach 500 GW, which will continue to promote the installed capacity of solar and wind energy.Relevant participants in the fields of power generation, storage, power distribution, and battery and component manufacturing welcomes opportunities.

The goal of India's "National Green Hydrogen Energy Plan" is to produce 5 million tons of hydrogen by 2030 and may bring export opportunities.Green hydrogen can have high application requirements, especially industrial use and transportation.The key to the future is to evaluate the speed of economic improvement, which mainly depends on the support of electrolyte capital expenditures and the government's relevant policy support.Kolkata Wealth Management

In most India markets, two -wheelers and tricycles account for more than 90%of all electric vehicles in the market.The government's goal is to achieve 30%of the electrification of vehicles in India by 2030, of which the target share of two rounds and three -wheeled electric vehicles will be 80%.The overall situation of the battery supply chain and components is similar, and companies that have obtained production -related incentives are worthy of attention.

Against the background of digital, non -essential consumption and manufacturing, India's economy is booming. The author believes that energy transformation is expected to become a long -term non -periodic trend.(Author is Jingshun ESG customer strategy Asia -Pacific director)