India's policy challenges will hinder net-zero progress, says Moody's

Many of the country's large private companies have announced net-zero targets that are well ahead of Indian authorities' goals

India's economic development needs will constrain the government's ability to extend sufficient financial support to fund its carbon transition and will leave the path open for the private sector to drive emissions reduction, rating agency Moody's said.

Many large companies have launched a wide range of emission targets through 2050. India's (Baa3 stable) 2070 net-zero target and intermediate goals through 2030 present significant policy implementation challenges for the government.

Nishad Majmudar, assistant vice president and analyst at Moody's said high growth potential, significant economic development needs and a large agricultural sector will likely weaken the government's policy resolve and financial