India's FY 2026 Budget boosts solar funding by 32%
pre-market1 source ↓written by the desknot a recommendation
- to the Ministry
- ₹329.1467 billion
- year-on-year
- 24% increase
- sector specifically rises
- 32% to ₹305.3936 billion
- dedicated
- ₹220 billion
India's Union Budget for FY 2026 allocates ₹329.1467 billion to the Ministry of New and Renewable Energy, marking a 24% increase year-on-year. Funding for the solar sector specifically rises 32% to ₹305.3936 billion, with ₹220 billion dedicated to the PM Surya Ghar Muft Bijli Yojana, enhancing residential solar initiatives. This budget is expected to stimulate growth in the solar industry and attract investments.
• Customs duty exemptions for solar manufacturing inputs
• Increased subsidies for residential solar
• Significant funding boost for renewable energy initiatives
Immediate market implications may include increased investor interest in solar-related stocks and sectors.
Not investment advice. For informational purposes only.