Sensex surges 500 pts; Modi addresses LS ahead of Budget

India’s renewable energy industry is likely to generate business opportunities worth $160 billion in the next five years, the Economic Survey said on Friday, the day before a budget that is set to boost clean energy funding.



Prime Minister Narendra Modi is banking on renewables to fight climate change rather than committing to emission cuts like China. He has set ambitious clean-energy targets including raising solar capacity fivefold to 100 gigawatts (GW) by 2022.



The Sensex is up 488.65 points or 1.70 percent at 29235.30, and the Nifty up 166.90 points or 1.92 percent at 8850.



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Posted in: Indian Market Tips