Publisher's Synopsis
The current study examines the relationship between macroeconomic variables and renewable energy consumption in India. It uses secondary data from sources such as the UN SDG database, FRED, OECD, IMF, and world economic indicators, covering the period from 2000 to 2025. The study focuses on how GDP, inflation, FDI, exchange rates, capital formation, and total production impact renewable energy consumption. Statistical tools like SPSS Version 26 and Excel are used for trend analysis, correlation, regression, and multivariate tests to analyse the data. The study aims to identify trends, cause-and-effect relationships, and predictions about renewable energy consumption in India, providing insights that can inform policy decisions and strategies for sustainable energy development. The regression results show that capital formation and exchange rates have a positive and statistically significant impact on renewable energy usage in the period 2000-2024. However, GDP and inflation do not have significant effects in this model.
