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    HomeFinance"India is moving forward in economy in all aspects" says World Economic...

    “India is moving forward in economy in all aspects” says World Economic Forum.

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    Although the country doesn’t perform the best compared to other countries, according to a report from the World Economic Forum, it is the only large country that does well in all areas that are changing the way we use energy. According to WEF, the Energy Transition Index (ETI) is increasing rapidly in an affordable, safe and environmentally friendly way. They also said it was important for the country to move quickly to meet the carbon emission reduction targets agreed by many countries. The report says India is doing well in ensuring everyone has access to electricity, using cleaner ways to cook and using more renewable energy. This has helped India to improve its performance on the Environmental Transformation Index. At a major conference called COP26, India promised to stop emitting harmful gases into the air by 2070. They say they will really try to reduce the pollution they create by 45% compared to how much pollution they created in 2005. By 2030, at least half of their energy needs to come from environmentally friendly sources like wind or solar. Most of the fuel used in India produces a lot of carbon, which is not good for the environment. But, India’s energy sector is improving because they are using less power and more renewable energy sources like wind and solar power. Responsible people really want to make things better, they have a plan to make changes, they are investing in things like buildings and roads, and things are getting better because there are so many different types of clean energy to choose from, the report says. Since 2000. India is consuming more energy than ever before. Because the country is growing fast and needs more energy to keep up. Due to this, India is also getting more energy from other countries. The research also emphasises that if India wants to construct 500 GW of non-fossil fuel power production capacity by 2030, it will need to significantly expand investments and modernise the grid infrastructure.

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