BANKING AFFAIRS

Detailed explanation-1: -External Debt in India averaged 322631.35 USD Million from 1999 until 2022, reaching an all time high of 619585.00 USD Million in the first quarter of 2022 and a record low of 96392.00 USD Million in the third quarter of 2000.

Detailed explanation-2: -In accordance with the Electricity Act, 2003, every state in India has come up with a net metering policy or a rooftop solar policy which dictates the modalities of installing a grid-connected rooftop solar (RTS) or a small solar power plant in the given state.

Detailed explanation-3: -Due to the strong regulatory push and rebounding market demand, we anticipate that the expansion of residential rooftop solar installations would pick up speed soon throughout India. According to research, the residential rooftop solar industry would probably reach 3.2 GW of total installed capacity by FY2023.

Detailed explanation-4: -India is endowed with vast solar energy potential. About 5, 000 trillion kWh per year energy is incident over India’s land area with most parts receiving 4-7 kWh per sq. m per day. Solar photovoltaic power can effectively be harnessed providing huge scalability in India.