It will cost India $701 billion to provide electricity access to 7% of its population

• In India, 7% of the population do not have access to electricity yet.
  
• The country has to invest $701.5 billion to meet the sustainable goal (SDG) for universal access to electricity by 2030, according to a Standard Chartered report.
  
• This is the greatest private sector opportunity in the country is investment in achieving and maintaining universal access to electricity, which is the seventh SDG.
  

In India, 7% of the population do not have access to electricity yet. The country has to invest $701.5 billion to meet the sustainable goal (SDG) for universal access to electricity by 2030, according to a Standard Chartered report.

This is the greatest private sector opportunity in the country is investment in achieving and maintaining universal access to electricity, which is the seventh SDG.

“With $9.391 trillion required across all emerging markets to achieve universal access to electricity by 2030. The greatest investment opportunities are found in India ($701.5 billion), Indonesia ($147.5 billion) and Bangladesh ($73.9 billion) where their large and growing populations, together with strong projected GDP per capita growth, mean significant investment is required to maintain access to electricity across the populations by 2030,” said the report.

In India, most of the states have power distribution losses amounting to more than 50%. Electricity discoms in India owe ₹80,656 crore to private companies for purchasing power.


A $2.64 investment to meet UN’s sustainable development goal by 2030


India needs a whopping $2.64 trillion investment to meet all of the UN's sustainable development goals (SDGs). This provides an investment opportunity of over $1.12 trillion to the private sector by 2030.

"India represents $1.124 trillion of SDG opportunity, or more than 10% of the $9.668 trillion opportunity for private sector investors across all emerging markets to help achieve the UN goals," the report said.

The Opportunity 2030 study spans 15 of the world's fastest-growing economies and estimates the potential private-sector investment opportunity to contribute to three of the most investment-ready SDGs .

The study identified opportunities for the private sector to contribute to three infrastructure-focused goals between now and 2030 - clean water and sanitation, affordable and clean energy, and industry, innovation and infrastructure.