India is recasting its clean energy transition as a core industrial and manufacturing strategy, with non-fossil sources now accounting for 52 per cent of installed power capacity and total non-fossil capacity reaching 267 GW, Union Minister for New and Renewable Energy Pralhad Joshi said at the World Economic Forum (WEF) Annual Meeting 2026. Addressing a high-level session on global energy financing, Joshi said India’s transition has been deliberately designed to lower power costs for industry, strengthen domestic manufacturing, and support job creation, positioning renewable energy as a structural input to economic growth rather than a standalone climate initiative.