Trends of Renewable Energy Stocks in the era of Viksit & Aatmanirbhar Bharat
Authors:-Research Scholar Ms. Versha Gupta, Assistant Professor Dr. Neetu Jindal
Abstract-In this turbulent phase of climate issues and geopolitical tension, a move towards long-term clean and secure energy alternative is becoming one of the major societal concerns of the 21st century. Government of India’s movement of Viksit & Aatmanirbhar Bharat to make the country independent and self-sufficient is on boom. The Sustainable Development Goal 7 (SDG7) calls “India for an affordable, sustainable, reliable and modern energy for everyone” by year 2030, Self-sufficiency in energy production, an energy independent nation by 2047 & Net-zero carbon emissions targets by 2070 staggering the renewable energy companies’ growth. Indian Government’s established a set of programs, incentives, investments, schemes & policies, 100 % FDI permit, etc. to accelerate the expansion of new green. This transition is giving a new wave to the Green and Renewable energy stocks and make the green energy segment multibagger stocks. Where, India is meeting its 43% energy (about 181 GW) from renewable energy sources in 2024, the targets call India to generate 450-500 GW renewable energy by year 2030. India is running the vast opportunity of renewable energy expansion in the world and thus its stocks too. The objective of this study is to present the trends of Green and Renewable Energy stocks, when the whole world is running for green & sustainability. The present paper highlights the Governments role in promoting the green & renewable energy and its relative impact on best performing Indian Energy companies.