New Delhi, June 4 -- According to a joint report by Moody's Ratings & ICRA, highlights that India will require a huge investment in order to meet ambitious 2070 net-zero emissions norms particularly in the power sector.

The report projects that over the next decade, these investments are projected to constitute 2 per cent of country's real GDP for the electricity value chain, encompassing power generation, storage, transmission and distribution.

The report also suggests that the country must manage the complex balance of energy security, affordability, and the transition to cleaner sources.

However, India's fast-growing economy will continue to rely on coal in the short to medium term. It adds a 32 to 35 per cent increase in coal-based...