India’s clean energy transition received one of its strongest fiscal endorsements yet in the Union Budget 2026–27, with a sharp rise in allocations for the Ministry of New and Renewable Energy (MNRE) signalling a renewed push on scale, manufacturing depth and energy security.
The MNRE’s outlay rises to ₹329.1467 billion in 2026–27, up from ₹265.4938 billion in 2025–26—a nearly 24% increase—underscoring the government’s intent to accelerate solar deployment, domestic manufacturing and grid-linked pathways.