Page 20 - Policy Economic Report - Feb 2026
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POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
• Supports AI skilling, reskilling, and literacy
• Prepares nations for an AI-driven economy
g) Guiding Principles on Resilient & Efficient AI
• Focus on energy-efficient AI systems
• Supported by a Playbook on AI Infrastructure Resilience
Focus on Economic Growth and Efficiency
The Declaration highlights:
• The role of AI in driving economic transformation
• Importance of open-source and accessible AI ecosystems
• Need for energy-efficient AI infrastructure
• Expanding AI’s role in science, governance, and public service delivery
Strengthening Global Cooperation
Participants reaffirmed their commitment to:
• Advancing shared global priorities in AI governance
• Promoting voluntary, non-binding frameworks
• Translating vision into action through continued collaboration
The Summit is expected to catalyse long-term international partnerships and position AI as a key driver of
economic growth.
7. India needs $14.23 trillion investment by 2070 to achieve 98% clean power: NITI report
India requires cumulative investments of $ 14.23 trillion in the power sector, including renewables,
storage, and transmission, by 2070 under a net zero scenario, where non-fossil fuel-based generation will
be 98 per cent, according to the NITI Aayog report.
The report stated that India's development and climate goals increasingly hinge on one system: electricity.
As India moves toward Viksit Bharat 2047 and Net Zero 2070, the power sector's growth will determine
whether growth can be both inclusive and sustainable.
Reliable, affordable, and progressively cleaner electricity is essential to improve living standards, raise
productivity, and unlock a low carbon transition across transport, buildings, and industry, it stated. With
nearly 258 GW of renewable energy capacity installed by December 2025, India has emerged as the
world's fourth-largest renewable energy market, reflecting the scale and momentum of its clean energy
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