New Delhi, May 21 -- India's expanding biofuels sector represents a vital component of the country's ongoing energy transformation, effectively balancing economic development with environmental sustainability, according to a recent report published by S&P Global.

The report identifies the transportation sector as a primary target for biofuel integration, noting that it constitutes a significant source of emissions while remaining heavily dependent on imported fuels.

This sector presents both challenges and opportunities for implementing sustainable alternatives.

Rather than focusing exclusively on battery electric vehicles and hybrids, India is pursuing a comprehensive "multi-fuel mix" strategy, with S&P Global observing that "original...