Focus on green energy transition at the core of union budget 2023

India's significant and expanding energy needs, coupled with its projected population overtaking China's, make it a crucial player in global climate change targets, as highlighted by the World Economic Forum (WEF). Recognizing the urgency of transitioning to green alternatives and reducing reliance on fossil fuels, India's latest Budget demonstrates the government's commitment to propel the economy, create new sectors, boost GDP, and ultimately achieve net-zero carbon emissions by 2070.

What potential impact do industry officials foresee as a result of the budget allocation of Rs 35,000 crore for green energy transition and the additional benefits for the renewable sector?