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Assessing the Link Between Renewable Energy and Economic Growth: Evidence From Indian States and Union Territories

Year: 2025

Type: article

Abstract: India’s energy outlook, as a developing country, is poised for transformational change, marked by a greater emphasis on renewable energy generation. This study focuses on the supply side of renewable energy (RE) and its relationship with economic growth across Indian States and Union Territories, setting itself apart from previous literature. By applying panel regression and the generalized method of moments to annual data from selected states and union territories, the study concludes that the deployment of RE can spur innovation-led growth, thereby supporting an endogenous growth mechanism.

Source: Energy RESEARCH LETTERS

DOI: 10.46557/001c.144068

Authors: Vandana Bhavsar, Priyanka Bendigiri, Pradeepta Kumar Samanta

Institution: National Institute of Construction Management and Research

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Affordable and clean energy, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4415533107