Key Points

• India's latest budgets increase emphasis on industrial decarbonisation rather than only renewable deployment.
• CCUS has moved into a more concrete policy phase, with budget allocations and early storage testing for heavy industry applications.
• Domestic manufacturing for batteries, solar inputs, and mineral processing is being supported through tax and duty changes.
• Critical mineral supply chains are now a central policy concern, with dedicated funding and corridor-style industrial planning.
• Grid and transmission readiness still looks like a constraint, especially where clean-energy spending and corridor funding do not fully align.
• Adaptation, disaster resilience, and air-pollution funding appear less explicit than mitigation and industrial policy measures.