India likely to spend $1 trillion on power by 2030 - Feedback

India is expected to spend a whopping $1 trillion (about Rs 65 lakh crore) by 2030 on ramping up its power infrastructure as one of the world’s largest energy consumers aims to provide 24/7 electricity to its citizens.

The power sector in the country is at an inflection point and the focus is on developing an integrated outlook with transparent policies on tariffs and fuel pricing which enhance the ease of doing business, Power Minister Piyush Goyal said here. “When the world is witnessing a depressed economic atmosphere and there is almost no growth, India is a shining spot. We will use this image and further strengthen it to invite countries such as Australia to invest in the country,” he told PTI on the sidelines of the India-Australia Energy Dialogue.

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