NewKerala.com

India's Green Energy Shift Powers Growth, Cuts Costs: Joshi at Davos

Union Minister Pralhad Joshi positioned India's renewable energy transition as a core driver of economic growth at the World Economic Forum in Davos. He highlighted how the focus on solar and wind power has significantly reduced electricity costs for citizens across the country. Joshi cited announcements from state leaders about lowering power tariffs and outlined future priorities including battery storage and grid stability. He urged global investors to partner with India, which is being pitched as one of the world's fastest-growing renewable energy markets.

Key Points: India's Renewable Energy Engine for Growth at Davos 2026

  • Renewable energy costs falling in India
  • Green transition driving economic growth
  • Focus on battery storage and grid stability
  • States like Andhra and Maharashtra cutting tariffs
  • India pitching for global investment
2 min read

"Transition is an engine for growth": Pralhad Joshi on renewable energy at Davos

Union Minister Pralhad Joshi says India's green transition is cutting electricity costs and driving economic growth, urging global investment at Davos.

"India's agenda at Davos is that transition is not a burden for growth, it is an engine for growth. - Pralhad Joshi"

Davos, January 21

Union Minister Pralhad Joshi, on Wednesday, during the World Economic Forum, explained how the shift toward green energy is acting as a powerful tool for economic growth. He stated that by focusing on renewable energy sources such as the sun and wind, the country is now able to produce electricity at a much lower cost for its citizens.

Connecting the energy shift to national progress, Union Minister Pralhad Joshi said, "India's agenda at Davos is that transition is not a burden for growth, it is an engine for growth. And because of that, the cost of renewable energy has come down in India. Because of this renewable movement, which the Prime Minister started almost from 2015-16 and very aggressively from almost 2019, it is bringing down the entire cost of electricity in India. Now, Andhra Pradesh has said that we are going to reduce the cost of electricity. Devendra Fadnavis, the Chief Minister of Maharashtra, has announced that the tariff will come down. Now we're pitching for battery storage, pump storage, grid stability, green energy corridor, all these things put together in the coming days, India can showcase itself that we are producing green energy, transition is also happening, and growth is also taking place. Our growth is good, and our renewable energy is also growing well."

The 56th Annual Meeting of the World Economic Forum is being held from January 19 to 23, 2026, at Davos-Klosters, welcoming nearly 3,000 participants from over 130 countries, including a record number of world leaders, CEOs, innovators and policymakers, under the theme "A Spirit of Dialogue."

World leaders from government, business, civil society, and academia will convene in Davos to engage in forward-looking discussions on global issues and set priorities. The call for bold collective action makes the meeting particularly relevant. India is Pitched as One of the World's Fastest-Growing Renewable Energy Markets at Davos. Union Minister Pralhad Joshi urges global investors to partner in India's rapid clean energy expansion at the World Economic Forum 2026 in Davos.

- ANI

Share this article:

Reader Comments

S
Sarah B
As an expat working in sustainability, it's impressive to see India taking such a strong stance at Davos. The scale of ambition here is unmatched. Partnering with global investors could really accelerate this transition. Hope the execution matches the vision.
P
Priya S
Reducing tariffs in Maharashtra and Andhra is great news! My electricity bill last month was shockingly high. If this transition actually brings down costs for middle-class families like mine, it will be a huge relief. Let's hope other states follow quickly.
R
Rohit P
The vision is good, but what about the existing coal power plants and the workers there? A just transition is important. We need clear plans for re-skilling people in the conventional energy sector so they aren't left behind in this green shift.
K
Karthik V
Solar energy is a game-changer for rural India. In our village, a small solar micro-grid has changed lives - children can study at night, small shops stay open longer. This is real *vikas*. Pitching for global investment at Davos is a smart move.
M
Michael C
The focus on grid stability and green corridors is crucial. Renewable energy is intermittent, and without a robust grid, the benefits won't be fully realized. India's integrated approach seems well-considered. The cost reduction data is very promising.
A

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50