In FY 2018-19, India's FDI in unconventional energy exceeded US$1.4 billion

According to government data, foreign direct investment (FDI) in India's non-traditional source sectors reached US$1.
44 billion
in FY 2018-19.

In the past 5 fiscal years, FDI in India's renewable energy sector has been increasing
.
FDI inflows have increased
significantly since the inception of the Indian Investment Program.
The scheme was established in 2009 under Section 25 of India's Companies Act, 1956 to promote foreign investment
in the domestic market.

Commerce Secretary Piyush Goyal told the House that in the non-conventional energy sector, FDI inflows in fiscal year 2014-15 were $615.
95 million, rising to $776.
51 million
in the next fiscal year.
FDI in the domestic market reached $833.
57 million in FY 2016-17 and $1.
2 billion
in FY 2017-18.
Meanwhile, inflows increased to $1.
44 billion
in fiscal year 2018-19.

Over the past five years, FDI inflows into non-conventional energy sectors have been almost comparable
to India's power sector.
Overall, India's power sector attracted a total of $5.
4 billion in FDI over the past five financial years, while the non-traditional energy sector attracted a total of $4.
8 billion.

FDI inflows also represent rapid growth in India's power sector, especially in the renewable energy sector
.
In 2018, Mercom reported that investment in renewable energy projects in India surpassed conventional energy (fossil fuel) projects
in 2017.

According to the World Investment Report 2019 published by the International Energy Agency (IEA), global investment in renewable energy has increased by 55%
since 2010.
According to the report, investment in India's energy sector has grown the fastest in the
last three years.

According to Mercom, investment in India's solar sector totaled about $9.
8 billion in 2018, approaching $11.
5 billion in 2017, with investment down 15%
year-on-year in 2018.