Topic Details (Notes format)

Renewable Energy and Green Transition

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

India’s pivot to renewables (solar, wind, biomass) aims to reduce carbon emissions, meet rising power demands, and cut fossil fuel import bills. Policies—like the National Solar Mission—offer subsidies, viability gap funding, and mandatory renewable purchase obligations. For exam readiness, note achievements (gigawatt capacity expansions), challenges (grid stability, land for solar farms), and how domestic manufacturing (solar modules, wind turbines) fosters self-reliance. The synergy with electrification of transport further cements India’s green transition push.

Practice Questions

Which of the following is considered a public good?

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What is the meaning of "fiscal deficit"?

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What is the “law of diminishing marginal utility”?

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Which of the following is an example of a non-renewable resource?

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What is the primary role of the Securities and Exchange Board of India (SEBI)?

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What is the concept of “invisible hand” associated with?

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Which of the following is NOT part of the World Bank Group?

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What is meant by “structural unemployment”?

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Which of the following statements best defines Gross Domestic Product (GDP)?

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What is “inflation targeting”?

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