India has a vast supply of renewable energy resources, and it has one of the largest programs in the world for deploying renewable energy products and systems.
By 2020, India’s solar and wind power sectors are expected to double their capacity from the current 24 gigawatt (GW). According to an estimate, the wind and solar sectors will need $45 billion in the next five years to double capacity. Solar power in India has come across impressive growth in a short span of time – from 35 MW as of March 2011 to a 3,002 MW as of December 2014. This positive growth in three years has come on the back of a favorable policy environment, particularly JNNSM.
Source : Research and Market