Editorial | Budget 2023: ₹35,000 crore outlay for growth in green energy transition

Union Budget 2022-23 highlights the government’s focus on energy transition, which is expected to fuel “green growth” in the country in the coming years. Finance minister Nirmala Sitharaman listed “green growth” among four opportunities that can be transformative for India in the run up to 2047, the country’s 100th year of independence. The other three are: economic empowerment of women, integrating traditional artisans with the MSME sector, and tourism.

The Union Budget 2023 presented by Finance Minister Nirmala Sitharaman builds on India’s commitment to lead the global action against climate change, preserve biodiversity and support sustainable development. The promised capital outlay and policy frameworks to support a range of specific initiatives are aimed at accelerating clean transition and sustainable growth.