CNBC's Inside India newsletter: A $270 billion gamble on green?
Publishing timestamp: 2024-04-25 10:30:02
Summary
Elon Musk's decision to stay home for earnings report delays meeting with India PM Modi. India's transition to renewables presents opportunities for investors, with focus on electrical power transmission sector. India's energy framework allows for cost-neutral delivery of renewable energy. Cheaper hydrogen production and potential for self-sufficiency in farming. Challenges include grid capacity expansion and potential backlash from dirty energy consumers. Indian stock market indexes are heading for a positive week. Various experts discuss government policy, automotive sector outlook, and competition in the electric vehicle space in India. Leading heating equipment company in India set to complete IPO next week.
Sentiment: POSITIVE
Tickers: .NSEI, INDA, ADANIENT-IN, .DXY, ACWI, RELIANCE-IN, .BSESNTR, POWERGRID-IN,
Keywords: ishares msci india etf, dxy us dollar currency index, business news, s&p bse sensex total return index, elon musk, ishares msci acwi etf, cnx nifty index,
Source: https://www.cnbc.com/2024/04/25/cnbcs-inside-india-newsletter-a-270-billion-gamble-on-green.html