New Delhi, May 13 (IANS) Leading global brokerage Morgan Stanley has projected India’s GDP growth to be healthy at 6.8 per cent for 2026, supported by strong domestic demand, government-led capital expenditure and improving industrial activity across Asia.Moreover, the brokerage in its latest outlook noted that the nation is likely to benefit from Asia’s emerging industrial and capital expenditure super-cycle, with domestic demand momentum remaining resilient despite global macroeconomic and…
Latest Energy Transition News & Updates
New Delhi/Oslo, May 12 (IANS) Norway’s Ambassador to India, May-Elin Stener, has described Prime Minister Narendra Modi’s upcoming visit to Oslo for the 3rd India-Nordic Summit as “historic”, underlining its importance for strengthening India–Norway relations and expanding cooperation across various sectors. Speaking to IANS ahead of the summit, Stener said the visit carries special significance as it marks the first trip by an Indian Prime Minister to Norway in 43 years.”This is a very import…
New Delhi, May 12 (IANS) India and Norway are exploring more opportunities in sectors such as maritime, green energy and startups and the upcoming visit of Prime Minister Narendra Modi to Oslo will only cement bilateral ties in these sectors, May-Elin Stener, Ambassador of Norway to India, said on Tuesday.Over the last 10 years, the number of Norwegian companies in India has doubled. “We now have around 160 Norwegian companies operating in India, and they are exploring new solutions and opportun…
New Delhi, May 2 (IANS) India’s data centre capacity is set to surge nearly six‑fold from 1.8 GW to about 10.5 GW by FY2031 as demand rises due to artificial intelligence adoption and data localisation policies, a new report has said.The report from investment bank Morgan Stanley said AI workloads alone could account for roughly 6.8 GW of the projected capacity and that rising demand for low‑latency processing, tighter localisation norms and increasing compute intensity are another major d…
New Delhi, April 30 (IANS) India is likely to see an incremental cumulative capex of $800 billion over the next five years across defence, data centres and energy transition due to the Middle East conflict and its investment‑rate will touch 37.5 per cent of GDP in FY2030, a report said on Wednesday.The report from Morgan Stanley said about 60 per cent of the incremental capex is likely to be allocated to energy transition, data centres and defence.”In this context, we remain constructive on In…
New Delhi, April 29 (IANS) Sagar Adani, Executive Director of renewable energy major Adani Green Energy, said on Wednesday that at our core, we see ourselves not just as operators of infrastructure, but as builders of India’s energy backbone for the next several decades.Addressing the Economist Enterprise ‘Resilient Futures Summit’ here, Sagar Adani said India has seen a clear, consistent and increasingly execution-oriented policy direction.“From accelerating infrastructure development, …
New Delhi, April 16 (IANS) India can play a key role in helping Africa scale up its renewable energy, as the country has, over the last decade, successfully added over 130 gigawatts of solar and wind capacity, with renewables now accounting for just over half of installed electricity capacity, according to an article.Across Africa, the energy transition is not a distant policy target; it is a practical attempt to turn sunlight, wind, and mineral wealth into hospitals with steady power, farms tha…
New Delhi, 9 April (IANS) Apex business chamber FICCI on Thursday indicated that early signs of stress due to the West Asia conflict are visible across sectors, warranting proactive measures to mitigate immediate risks and build long-term resilience. In a report titled West Asia Conflict: Implications for India and Imperatives for Industry and Government, FICCI suggested a two-pronged strategy for industry, focused on financial resilience and operational continuity. Firms are encouraged to se…
Seoul, April 6 (IANS) South Korea is targeting at least 20 per cent of power generation through renewable energy by 2030 in a bid to lower its heavy dependence on energy imports and respond to growing power demand sparked by the growth of advanced industries, the climate ministry said on Monday.Under the plan, reported at a Cabinet meeting, the government aims to expand renewable energy distribution to 100 gigawatts by 2030 to meet the 20 percent goal by fostering the growth of solar power and w…
Seoul, March 26 (IANS) The South Korea’s ruling Democratic Party (DP) and the government agreed to submit an extra budget bill to the National Assembly next Tuesday, the budget minister said Thursday, in an effort to cushion vulnerable sectors from the economic impacts of a prolonged war in the Middle East.The extra budget bill, to be submitted March 31, seeks to ease the burden of rising oil prices, as well as support small and midsized firms and vulnerable households hit by the prolonged war.”…