New Delhi, Jun 30 (UNI) NITI Aayog Vice-Chairman Rajiv Kumar on Tuesday said he was confident that India’s economy will recover following the containment of the Covid-19 pandemic.

'India’s strong democratic institutions promote policy stability. Ongoing economic reforms, if executed well, should keep the country's growth rate ahead of peers,' he said.

NITI Aayog and Rocky Mountain Institute (RMI) released a report 'Towards a Clean Energy Economy: Post-Covid-19 Opportunities for India’s Energy and Mobility Sectors' , which advocates for stimulus and recovery efforts that work towards building a clean, resilient, and least-cost energy future for India.

These efforts include electric vehicle, energy storage, and renewable energy programs.

NITI Aayog CEO Amitabh Kant said clean energy will be a major driver of India’s economic recovery and international competitiveness.

'We must look at how to leverage our domestic innovation ecosystem to bring value to the country and industry in this new normal. We have recommended specific actions by which India can revive two of our economic powerhouses—the transport and power sectors—and emerge stronger.'

The report identifies how Covid-19 is beginning to influence the clean energy transition in India, specifically for the transport and power sectors, and recommends principles and strategic opportunities for the country’s leaders to drive economic recovery and maintain momentum towards a clean energy economy.

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