India's General Election heats up as Prime Minister Narendra Modi’s pledge to create 20 million jobs annually while he was a prime ministerial candidate five years ago is facing criticism over the Government’s perceived failure to live up to a cornerstone election promise. The Government says it’s a made-up crisis based on a lack of credible employment data.
A growing power demand in India and Southeast Asia offers prime opportunity for solar energy players as industry forces, together with pro-solar Government incentives, deliver cheaper solar PV systems. According to Roland Berger, utility-scale solar is predicted to take off in Southeast Asia, with approximately 20 GW of new capacity by 2035, including some large projects with capacities of more than 100 MW.
The Indian Banking System is in a deep crisis with non-performing assets (NPA) shooting through the roof. If the recent financial stability report published by Indian banking regulator the Reserve Bank of India is indicative of the current situation, the path to recovery may prove to be a Herculean task.