
India is at a turning point in its energy journey. The need for a reliable, affordable, and sustainable power sector to fuel India’s ambitions for a 5 trillion economy and Viksit Bharat has never been greater. IIR 2024 is a deep dive into the critical role of India’s power sector in the nation’s energy transition. With a unique blend of academic rigour, industry insights, and policy perspectives, this report is an essential resource for decision-makers, researchers, and businesses shaping India’s energy future.
This year’s report explores the key drivers of the transition, from power generation and transmission to markets, finance, and governance. It addresses challenges like grid modernisation, financing sustainable energy, emerging technologies, and India’s path to a just low-carbon future while ensuring energy security and affordability.
IIR 2024 covers everything from institutional reforms and power markets to decarbonisation strategies and innovative solutions. It also brings in global experiences, actionable insights, and future-ready recommendations for policymakers and industry leaders.
Whether you are in government, business, or academia, IIR 2024 is your guide to understanding and navigating India's energy transition.
Distinguished Fellow,
Isaac Centre for Public Policy, Ashoka University
Former Director General, PFI;
Former Secretary,
Ministry of Power, GoI
Former Secretary, Department of Commerce , GoI
Founding Partner, Trilegal
Former Chief Executive Officer,
iDeCK
Chairman,
FICCI Power Committee
Professor,
National Institute of Public Finance and Policy
Senior Advisor,
Power Foundation of India
Management Consultant & Researcher
Chief Operating Officer, iDeCK
Professor, Economics Group, IIM Calcutta