Journal Press India®

GBS Impact: Journal of Multi Disciplinary Research
Vol 11 , Issue 1 , January - June 2025 | Pages: 219-248 | Research Paper

Growth and Development of Solar Energy in India and the World

Author Details ( * ) denotes Corresponding author

1. * Archita Nayak, Faculty, Commerce, Kalipada Ghosh Tarai Mahavidyalaya, Siliguri, West Bengal, India (archita.nayak@gmail.com)
2. Kanti Paul, Faculty, Commerce, Kalipada Ghosh Tarai Mahavidyalaya, Siliguri, West Bengal, India (kantipaul@gmail.com)

Energy and economy are closely related. Energy utilization is associated with varying levels of environmental pollution, affecting climate change. Non-renewable energy causes more environmental pollution than renewable energy, especially solar energy. Energy installed capacities have been increasing. The share of installed capacity in the solar sector increased significantly from 1.45 percent in 2014-15 to 18.51 percent in 2023-24. Energy generation has also been increasing. The share of energy generation in the solar sector increased significantly from 0.42 percent in 2014-15 to 6.69 percent in 2023-24. Energy data for the top six Indian states and the top five countries in the world have been provided. Key incentives for the promotion of solar energy undertaken by the Government of India have been highlighted. India was the fifth-most polluted country globally in 2024. People must be aware, educated, and overcome the challenges of introducing solar energy for its speedy and proper implementation.

Keywords

Renewable Energy, Non-renewable Energy, Environment, Energy Installed Capacity, Energy Generation

  1. Amutha, A. (2020). A Study on Solar Energy Sources in India, International Journal of Research Culture Society, 4(2), 130-132.
  2. Bharathi, N. and Usha, M. K. (2020). Solar Energy Harnessing in India: An Overview, International Journal of Scientific Engineering and Science, 3(12), 44-47.
  3. Brainly (2020). “Solar energy is the hope of future.” (visited on 21st May, 2025) (https://brainly.in/question/15075634)
  4. CCPI (2025). Climate Change Performance Index (CCPI) 2025: Ranking and Results (visited on 21st May, 2025) (https://ccpi.org)
  5. Chand, S. (2025). Growth and Economic Impact of Solar Energy in India, International Journal of Innovative Research in Technology, January 2025, 11(8), 2563-2569
  6. Dixit, S.; Singh, S.; Singh, S.; Varghese, R. G.; Pandey, A. K. and Varshney, D. (2018). Role of solar energy and its issues on its implementation in the Indian context, MATEC Web of Conferences, 4 pages. (https://doi.org/10.1051/matecconf/20181720 6001)
  7. Elavarthi, P. (2014). A Study on Management of Solar Power in India (With Reference to Solar Industry in India), a Ph. D. thesis, Department of Commerce and Management Studies, Andhra University
  8. Enphase (2022). India’s solar energy sector: Challenges, opportunities and the way forward, 30 December, 2022 (visited on 21st May,2025)
  9. (https://enphase.com/en-in/blog/homeowners/solar-experience/indias-solar-energy-sector-challenges-opportunities-and-way?srsltid=AfmBOorXh50pKAlsW2DHJB5 4KsBduGAqMhISkX2ie8nNGWkt6Nl4yaA8)
  10. U. S. Department of Energy (n.d.). How Does Solar Work? (visited on 21st May, 2025) (https://www.energy.gov/https://www.energy.gov/eere/solar/how-does-solar-workeere/solar/how-does-solar-work)
  11. Forbes India (2025). The Top 10 Largest Economies in the World 2025 (visited on 21st May, 2025) (https://www.forbesindia.com/article/explainers/top-10-largest-economies-in-the-world/86159/1)
  12. FreyrEnergy (n.d.). How Does Solar Energy Compare to Other Renewable Energy Sources? (visited on 21st May, 2025) (https://freyrenergy.com/how-does-solar-energy-compare-to-other-renewable-energy-sources/)
  13. Gadhiya, G. A.; Patel, U. R. and Chauhan, P. M. (2023). Case Study of Techno Economic Analysis of Solar Roof Top Power Plant in India, International Journal of Environment and Climate Change, 13(12), 1127-1134
  14. Germanwatch (2025). Climate Risk Index 2025 (visited on 21st May, 2025) (https://www.germanwatch.org/sites/default/files/2025-02/Climate%20Risk%20Index %202025.pdf)
  15. Ghosh, M. and Archaryya, A. (2023). Development of Solar Power on India: A Comparative Analysis Across Indian States, International Journal of Advance Multidisciplinary Research, 10(5), 63-75
  16. Government of India (2024). India’s Renewable Energy Boom: Job Creation and Sustainable Growth (visited on 21st May, 2025) (https://www.pib.gov.in/ PressNoteDetails.aspx?NoteId=153238&ModuleId=3)
  17. Government of India (2025). Ministry of New and Renewable Energy (https://mnre.gov.in/en)
  18. Hariprasad, S. A. (2019). Solar Energy in India: An Overview of its Evolution and Status, Journal of Emerging Technologies and Innovative Research, March 2019, 6(3), 238-248
  19. IBEF (2025). India’s Renewable Energy Boom: The Power of Solar and Beyond (visited 21st 2025) (https://www.ibef.org/research/case-study/india-s-renewable-energy-boom-the-power-of-solar-and-beyond)
  20. IBM (2024). The advantages and disadvantages of renewable energy. (https://www.ibm.com/think/insights/renewable-energy-advantages-disadvantages).
  21. IQAir (2025). World’s Most Polluted Countries & Regions (visited on 21st May, 2025) (https://www.iqair.com)
  22. Jaiswal, A. and Sikka, G. (2017). Future Scope and potential of solar energy in India an overview, International Journal of Innovative Science and Modern Engineering, 4(10), 18-23.
  23. Investopedia (2025). Top 10 Countries by nominal GDP as of Q1 2024 (visited on 21st May, 2025) (https://www.investopedia.com/insights/worlds-top-economies/)
  24. Ministry of Power, Government of India (2023). Power Sector at a Glance All India (updated on 12-6-2023) (visited on 21st May, 2025) (https://powermin.gov.in/en/ content/power-sector-glance-all-india)
  25. Nayak, Archita and Paul, Kanti (2024). Energy, Economic and Environmental Scenario and Race to Low-Carbon Economy among BRICS Countries, International Journal of Advance Research and Innovation (IJARI), 12 (4), 1–11.
  26. Onepointe (2022). Photovoltaic Vs. Concentrated Solar Power (visited on 21st May, 2025) (https://www.onepointesolutions.com/blog/photovoltaic-vs-concentrated-solar-power/)
  27. Ornate Solar (2024). The Top 5 Solar Countries in the World (2024) (visited on 21st May, 2025) (https://ornatesolar.com/blog/the-top-5-solar-countries-in-the-world)
  28. Patil, S. and Memon, S. (2023). Impact of Solar Renewable Energy on Indian Economy, Environment and Social Sustainability, Education and Society (Special Issue-I, Vol. I, 2023), 332-346
  29. Ramachandran, T. V.; Jain, R. and Krishnadas, G. (2011). Hotspots of solar potential in India, Renewable and Sustainable Energy Reviews, 15, 3178-3186.
  30. Ren21 (2024). Renewables 2024 Global Status (visited 21st May, 2025) (https://www.ren21.net/gsr-2024/modules/energy_supply/01_global_trends/03_invest ment_and_finance/)
  31. Sasikala, M. R. (2011). A Study on Solar Energy For Sustainable Development in India- With Special Reference to Chennai and Thiruvallur Districts, a Ph. D. thesis, Department of Economics, University of Madras
  32. Sati, P.; Kumari, A. and Kumar, S. (2022). Solar Energy Advancements and their Environmental Impacts, Futuristic Trends in Renewable and Sustainable Energy, Vol. 2, Book 29, Part 1, Chapter 6, 62-76.
  33. Saxena, A. K.; Saxena S. and Sudhakar, K. (2024). Solar Energy Policy for India: An Overview, CSEE Journal of Power and Energy Systems, 10(6), November 2024, 2308-2320
  34. Singh, A. K. and Gautam, K. K. (2017). A Review of Solar Energy- Challenges, Economics & Policies in India, International Journal of Science and Research, 6(1), 2080-2083.
  35. Srivastava, Swami Prakash and Srivastava, Surat Prakash (2013). Solar energy and its future role in Indian economy, International Journal of Environmental Science: Development and Monitoring, 4(3), 81-88.
  36. Waaree (2024). Government Incentives and Their Impact on Solar Panel Prices in India: A 2024 Perspective (visited on 21st May, 2025) (https://shop.waaree.com/blog/ government-incentives-and-their-impact-on-solar-panel-prices-in-india-a-2024-perspective/?srsltid=AfmBOoqAkOBgVhcLm510Bp59AxWC-u1h9AGFLpR-fSXRRab0E5eiAgAN)
  37. Worldometer (2025). Countries in the World by Population (2025) (visited on 21.5.2025) (https://www.worldometers.info/world-population/population-by-country/)
  38. World Population Review (2025). Human Development Index (HDI) by Country 2025 (visited on 21st May,2025) (https://worldpopulationreview.com/)
Abstract Views: 2
PDF Views: 59

By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy.