What does Budget 2024 hold for India’s energy transition?

Finance Minister Nirmala Sitharaman presented the Union Budget 2024, focusing on reducing the fiscal deficit, promoting clean energy, securing critical mineral supply chains, and decarbonizing MSMEs. Policies aimed at sustainable growth, including increased domestic manufacturing and support for the clean energy sector, were highlighted. Key measures involved tax changes, R&D spending, skill development, and creating a clean energy finance taxonomy.