Why is it in the news?
NITI Aayog released 11 reports outlining a pathway to a USD 30 trillion economy by 2047 and Net Zero by 2070.
Reports assess macroeconomic, energy and social transition implications.
Category: Environment
Important Points:
● GDP projected to rise from USD 4.18 trillion (2025) to USD 30 trillion (2047)
● Electricity share in final energy demand to increase from 21% (2025) to 60% (2070)
● Renewable capacity to scale from ~164 GW (2025) to over 6,000 GW (2070)
● Nuclear energy to expand from 8 GW to over 300 GW by 2070
● Fossil fuel share to decline from 87% (2025) to 14% (2070) with CCUS support
● Net Zero investment requirement estimated at USD 22.7 trillion (~USD 500 billion annually)
● Financing gap estimated at USD 6.5 trillion; foreign capital share may rise from 17% to 42%
● 7 million green jobs projected by 2050; over 150 districts fossil-fuel dependent
● Demand for Critical Energy Transition Minerals projected to rise by 51%
● 86% of 2070 building floor space yet to be constructed