| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 22 |
NO. 2 |
PAPER 7 |
DOI: 10.34293/2321-2012.2026.0002.7 |
FINANCIAL INTERMEDIATION AND RENEWABLE ENERGY GROWTH IN INDIA: AN ANALYSIS OF INVESTMENT CHANNELS |
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| Sijo Mathew* and Madhava Priya Dananjayan** |
| * Research Scholar, Loyola Institute of Business Administration,
Chennai
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| ** Associate Professor- Finance, Loyola Institute of Business Administration, Chennai
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| This article proposes to explore the factors driving India’s increasing need for renewable energy by analyzing financial instruments, investment trends, and governmental initiatives. Through an examination of data from official government records, trustworthy sources, and climate policy initiatives, it assesses India’s renewable energy capacity and carbon emissions. Regression analysis was used to identify the relationships between key factors, including investments, green bond values, and loan disbursements with the expansion of renewable energy efficiency. The findings revealed strong positive correlation between renewable energy investments and capacity expansion. Green bonds did not show significant influence on renewable energy growth. However, annual loans for renewable energy projects are strongly correlated with capacity growth. These findings pave the way for sustained investment, financial support, and policy mechanisms in driving renewable energy efficiency in India. It highlights the crucial role of direct investments and financial support, offering a footing for strategic decision-making and informed policymaking in the renewable energy sector |
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