Developing the Country’s Renewable Energy Sector: Benefits From Foreign Direct Investment
DOI:
https://doi.org/10.33516/maj.v58i10.38-42pKeywords:
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This article tackles the lack of literature on India’s renewable energy (RE) sector’s FDI factors. This report analyses India’s renewable energy sector’s foreign direct investment factors. There are many ways to benefit from FDI in renewable energy. The study found that India’s institutional structure attracted more FDI in solar and wind energy projects than macroeconomic or environmental considerations. In general, FDI requires economic growth and local financing. Land availability is crucial to attracting foreign direct investment (FDI). FDI in India rose to $ 84.84 billion in Financial Year 2021-22 from $ 81.97 billion during the previous year, according to the RBI.
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