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India2024-02-15en

SCENARIOS TOWARDS VIKSIT BHARAT AND NET ZERO CRITICAL MINERAL ASSESSMENT: DEMAND AND SUPPLY VOL. 10

Summary

India faces a significant challenge in securing critical energy transition minerals (CETMs) essential for achieving its ambitious Net Zero targets and the 'Viksit Bharat' development vision, with projected demand for minerals like lithium and cobalt set to rise substantially. This NITI Aayog report assesses future demand and supply gaps, evaluates existing policies, and proposes strategies to enhance domestic exploration, processing, international collaborations, and circular economy solutions. Policy frameworks and implementation efforts are currently in progress to mitigate import dependence and ensure a robust supply chain for these crucial minerals.

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