India 3rd in Renewable Energy Context: Union Minister for New and Renewable Energy said India ranks third globally in Renewable Energy Installed Capacity, according to the Renewable Energy Statistics 2026. India has moved ahead of Brazil in the ranking. The International Renewable Energy Agency released the statistics as of December 2025. Renewable Energy Breakdown Out of 283.46 GW Solar Power: 150.26 GW Wind Power: 56.09 GW Large Hydro Power: 51.41 GW Bio Energy: 11.75 GW Small Hydro Power: 5.17 GW Nuclear Power: 8.78 GW Major Milestones Achieved 50% of installed power capacity from non-fossil sources in June 2025 Achieved 5 years ahead of 2030 target under Paris Agreement (NDC goals) India as a Leading Renewable Energy Player India has emerged as a major global leader in the renewable energy sector, supported by several targeted initiatives across different segments. Key programs National Solar Mission, PM-KUSUM scheme, National Green Hydrogen Mission, National Bioenergy Programme, and various small hydropower development schemes. These efforts collectively aim to expand clean energy capacity, promote sustainable development, and reduce dependence on fossil fuels. Skills Outcomes Fund Context: Minister of Skill Development and Entrepreneurship initiated the campaign to build a Skills Outcomes Fund, a first-of-its-kind initiative aimed at unlocking aspirational livelihoods for youth from low-income backgrounds. The fund envisages to mobilise public and private capital to scale outcomes-based financing (OBF) in India’s skilling ecosystem, linking investments directly to verified employment outcomes. The Skills Outcomes Fund aims to unlock aspirational and sustainable livelihoods for youths from low-income backgrounds across India. This initiative is expected to become the largest outcomes-based financing (OBF) initiative for skilling globally and marks a significant step in strengthening the adoption of OBF within India’s skilling ecosystem. The initiative builds on India’s growing global leadership in outcomes-based financing, a theme highlighted at the Outcomes Finance…
