New Delhi, June 5 -- India will need substantial investment to meet its ambitious 2070 net-zero emissions target, particularly in the power sector, according to a joint report released by Moody's Ratings and ICRA.

The analysis projects that over the next decade, these investments will constitute approximately 2 percent of the country's real GDP for the electricity value chain, which includes power generation, storage, transmission, and distribution infrastructure.

The report emphasises that India must navigate the complex balance between energy security, affordability, and the transition to cleaner energy sources.

Despite the push toward renewable energy, India's rapidly growing economy will continue to depend on coal in the short to m...