Foreign Direct investment (FDI) in India’s renewable energy sector saw a rise of 50% year-over-year in the financial year (FY) 2023-24. FDI in renewables stood at $3.76 billion (₹315.84 billion) compared to $2.5 billion (₹206.5 billion) the last financial year, according to Ministry of Commerce and Industry data. The cumulative FDI in the renewable sector stood at $17.07 billion (₹1,336.08 billion) between FY 2010-11 and FY 2023-24. Currently, FDI of up to 100% is allowed in the renewable energy sector under the automatic route, with no prior government approval needed.