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March 14, 2026

Renewables, Urbanisation, and Demand: Key to India’s Economic Growth

The CSR Journal Magazine

Arvind Tiku, founder and group chairman of AT Capital, emphasized India’s resilience as a significant economic opportunity amid global uncertainties. Speaking at the India Today Conclave 2026, Tiku highlighted that India’s vast population and increasing domestic demand position it as one of the most attractive markets worldwide. “India is a bright spot. You can’t take that away,” he remarked, underscoring the nation’s advantages compared to major economic regions like the US, Europe, and China.

Future Growth Driven by Domestic Market

Tiku pointed out that India’s large domestic market and youthful demographic generate substantial long-term growth prospects. The country, with a populace of 1.4 billion, still has considerable room for economic expansion despite its current economy being valued at approximately $4.5 trillion. Notably, he mentioned that although the per capita income is under $3,000, there exists potential for significant growth, as a doubling of this figure could elevate the nation to a $9 trillion economy.

Adaptability Required Amid Economic Uncertainties

As businesses navigate through ongoing global economic and geopolitical challenges, Tiku stressed the necessity for flexibility. He noted that disruptions in commodity supply chains and global trade could significantly shape investment strategies. In light of these uncertainties, he urged that the support from the government would be vital for businesses to adapt and thrive.

Importance of Renewable Energy in India’s Energy Strategy

Tiku stated that renewable energy is an integral component of India’s energy framework, primarily due to its status as the most economical source of electricity available. He pointed out that while renewable sources are crucial, they also present challenges, particularly concerning supply chain dependencies, as around 90% of the photovoltaic and battery sectors are dominated by China. He highlighted the need for India to strengthen its local manufacturing capabilities for solar panels and batteries.

Seeking Energy Security Through Diverse Sources

In discussions about energy security, Tiku suggested that India should explore various energy alternatives to lessen import reliance. He mentioned that the government is already facilitating exploration of oil and gas reserves, particularly in offshore regions such as the Andaman Sea and the Bombay High area. Furthermore, while nuclear energy was acknowledged as a viable option, he noted challenges such as long gestation periods, high investment requirements, and reliance on imported uranium. Tiku proposed a balanced mix of energy to ensure long-term energy security for the nation.

Urbanization’s Impact on Real Estate Demand

The real estate sector, according to Tiku, is still in the early stages of urbanization compared to many developed nations. He explained that while real estate typically experiences cycles, the ongoing need for urban development in India presents continuous opportunities. With a population as large as 1.4 billion, he indicated a persistent demand for housing as cities expand.

The Role of Housing Policies in Urban Growth

Despite a strong demand for housing, Tiku emphasized the need for supportive policies to ensure affordability and accessibility. He particularly pointed out the importance of improving rental housing options for young professionals entering the job market. Tiku advocated for greater government intervention to facilitate affordable housing solutions as India progresses through its urban growth phase.

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