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MSNBC finishes first in primetime basic cable for first time ever

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India adds record renewable energy capacity of about 30 GW in 2024

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January 11, 2025

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NEW DELHI: India logged a record high renewable energy capacity addition of about 30 GW in 2024, more than 113 per cent higher than 13.75 GW recorded in 2023, according to the Ministry of New & Renewable Energy data. This assumes significance in view of India’s ambitious plan to have 500 GW of renewable energy capacity in the country by 2030.
Besides, India needs to add an average of 50 GW of renewable energy capacity per annum over the next six years to achieve its target.
“Exponential growth from 13.75 GW in 2023 to around 30 GW in 2024, resulting in achieving nearly 218 GW now underscores India’s growing commitment to clean energy and its progress in building a greener future,” New & Renewable Energy Minister Pralhad Joshi said in a post on X.
According to the ministry data, India had 35.84 GW of renewable energy capacity as of March 31, 2014.
Since the fiscal year 2014-15, when the NDA government took the reins at the Centre, India recorded the highest renewable capacity addition of 18.48 GW in 2023-24.
The government is eyeing adding 50GW of renewable energy capacity addition per annum to achieve its target of 500GW by 2030.





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Industrial growth likely to slow down to 6.2% for FY25, revival hoped in second half: Report

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January 11, 2025

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NEW DELHI: India’s industrial sector is expected to grow at a slower pace of 6.2 per cent in FY25 compared to 9.5 per cent in FY24, as per advance estimates, primarily due to the base effect and a subdued manufacturing performance in the first half, according to Bank of Baroda report.
However, signs of recovery are emerging for the second half, supported by improved GST collections, steady Purchasing Managers’ Indices (PMIs), and increased capital expenditure.
The upcoming Union Budget is anticipated to introduce measures aimed at boosting manufacturing growth and accelerating the investment cycle, signalling optimism for the sector’s revival.
India’s industrial production surged to a six-month high in November 2024, registering a robust 5.2 per cent growth compared to 3.7 per cent in October, according to the Index of Industrial Production (IIP) data.
This improvement was driven by broad-based expansion across the manufacturing, mining, and electricity sectors, signaling a positive outlook for the industrial sector in the coming months.
The manufacturing sector led the charge with an impressive 5.8 per cent growth, the highest in eight months, as 15 out of 23 sub-sectors, including furniture, electronics, and machinery equipment, recorded significant year-on-year improvements.
Mining output grew by 1.9 per cent (up from 0.9 per cent in October), and electricity output expanded by 4.4 per cent (up from 2 per cent), reflecting a solid recovery across the board.
Notably, infrastructure and capital goods output recorded remarkable growth at 10 per cent and 9 per cent, respectively, in November.
Consumer durable goods output also soared to a 13-month high of 13.1 per cent, largely due to a festive season boost. However, growth in FMCG goods slowed to 0.6 per cent, indicating some demand challenges in this segment.
While November’s data reflects strong momentum, growth for the fiscal year to date (FYTD) has moderated. IIP growth slowed to 4.1 per cent compared to 6.5 per cent in the same period last year, with manufacturing, mining, and electricity sectors all registering lower growth rates.
Looking ahead, attention will shift to the upcoming Union Budget and RBI policy announcements, both expected to be growth-focused.





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