Opportunities and Way Forward for Rare Earth Industry Ecosystem in India
Room air conditioners (RACs) and laundry washing machines (LWMs) are crucial green energy products linked with economic growth in India, since both have a much lower level of market (and household) penetration than refrigerators. The key issues often overlooked while creating the aspiration-driven, larger picture are the availability of resources and indigenous industrial capability. The aspiration for the large-scale green transition needs to be revisited periodically to realign the priorities and chart out the most viable trajectory for the transition to a cleaner future.