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Two-year progress card for Modi Government : 8/10 on solar policy environment in India

 The Modi government recently completed two years in office. Substantial progress has been made in our view on improving overall sector investment outlook and policy environment in these two years under ministerPiyushGoyal.

There is a very supportive broad policy framework in place; Specific policies and/or plans have either been put in place or are being deliberated upon for each of the key sectoral issues including land and transmission availability, distribution company (DISCOM) finances and grid capacity;More needs to be done on boosting rooftop solar market and improving long-term financing flow to the sector but the industry seems broadly satisfied with overall progress;