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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Rooftop solar additions surge 2x in FY26, led by Maha, UP...
2026-05-05 · via Economy News, Latest Economic News Today | The HinduBusinessLine

As India scales its renewable energy capacity to achieve a non-fossil target of 500 Gigawatt(GW) by 2030, rooftop solar installations under the PM Surya Ghar Muft Bijli Yojana are shaping up to be a significant driver of this growth and have doubled in FY26.

In the financial year ending March 2026, a total of about 21.2 lakh households were benefited fromrooftop solar installations under the scheme. This figure is nearly double the roughly 10.8 lakh installations in the preceding fiscal(FY25) and has pushed the overall installation base to over 32 Lakh households.

The scheme was launched in February 2024 with a target of installations in 1 crore households which, if achieved, is estimated to produce renewable electricity of 1 trillion units and a reduction of 720 million tonnes of CO2 emissions. 

Despite the increase in total number of installations, the growth has not been broad based with Uttar Pradesh, Maharashtra and Gujarat accounting for 60 per cent of households that saw installations in 2026. 

Maharashtra saw the most installations in 5,15,009 households, up 2x from FY25. Uttar Pradesh with 4,34,082 saw an even higher 4x jump while Gujarat saw installations in 3,19,391 households. 

On the other hand, Punjab, with installations in 6,460  households, recorded a 16 per cent increase- the lowest growth rate among major states. 

Karnataka and Tamil Nadu, despite their size and power demand, saw relatively lower additions. Karnataka saw installations in 15,691 households up 34 per cent year-on year while Tamil Nadu saw an increase of 48 per cent with 40,197 household installations. 

In the south, the adoption was led by Kerala and Andhra Pradesh, which saw additions in 1,29,541 and 97,347 households respectively. 

Meanwhile, states like Assam, Chhattisgarh, Tripura, and Nagaland saw an exponential increase in additions, but this came off small FY25 bases. 

Published on May 5, 2026