According to a report by the International Renewable Energy Agency (IRENA), India has surpassed the United States to secure the position of the world's second-largest solar growth market in 2025.
India added more than 37 GW of solar capacity during 2025, outpacing the 34 GW installed by the US, while China retained its global leadership by adding nearly 315 GW of capacity.
India's cumulative installed solar capacity saw a substantial increase, rising from 98.5 GW in 2024 to 135.5 GW in 2025.
Additionally, India generated 108,494 GWh of solar power in 2025, surpassing Japan's generation of 96,459 GWh to become the world’s third-largest overall solar power producer.
Key Facts / Static GK
The International Renewable Energy Agency (IRENA) was established in 2009 and is headquartered in Abu Dhabi, United Arab Emirates.
India ranks 3rd globally in both Total Renewable Energy and cumulative Solar Energy capacity as of early 2026.
Practice Quiz — 12 June 2026
Q1. Which of the following statements is/are correct regarding the RBI guidelines for a Self-Regulatory Organisation in the Account Aggregator ecosystem (SRO-AA)?\n1. The SRO-AA must be registered as a Section 8 company under the Companies Act, 2013.\n2. It must maintain a minimum net worth of ₹5 crore within one year of recognition.\n3. No single entity or group acting in concert can hold 10% or more of the paid-up share capital.
Answer: (C) Only 1 and 3 — According to the RBI guidelines, an SRO-AA must be registered as a Section 8 (not-for-profit) company (Statement 1 is correct). It must maintain a minimum net worth of ₹2 crore (not ₹5 crore) within one year of recognition (Statement 2 is incorrect). Diversified shareholding is required, and no single entity/group can hold 10% or more of the paid-up share capital (Statement 3 is correct).
Q2. The transition from the Wholesale Price Index (WPI) to the Producer Price Index (PPI) is primarily intended to address which major limitation of the traditional WPI framework in India?
Answer: (B) The complete exclusion of the services sector under WPI — A key limitation of the WPI is the exclusion of the services sector, which accounts for nearly 55% of India's GDP. The introduction of the Service PPI addresses this critical gap, providing a more comprehensive gauge of macroeconomic price pressures.
Q3. A public sector enterprise in India with an annual CSR expenditure of ₹20 crore decides to invest in Zero Coupon Zero Principal (ZCZP) instruments issued by an eligible NPO listed on the Social Stock Exchange (SSE). Under the updated MCA guidelines, what is the maximum amount this company can allocate for this investment?
Answer: (C) ₹2 crore — Under the amended MCA rules, companies can allocate up to 10% of their annual CSR expenditure towards subscribing to ZCZP instruments. For an annual CSR expenditure of ₹20 crore, 10% corresponds to ₹2 crore.
Q4. Which country comfortably led the global market in annual solar capacity additions during 2025, according to the International Renewable Energy Agency (IRENA) report?
Answer: (E) China — The IRENA report indicates that China comfortably remained the global leader in 2025, adding nearly 315 GW of solar capacity during the year, far ahead of India (37 GW) and the United States (34 GW).
Q5. The launch of the P2P payment linkage between India and Nepal connects which two platforms to facilitate digital remittances?
Answer: (B) UPI and National Payments Interface (NPI) — The cross-border payment initiative formally links India’s Unified Payments Interface (UPI) with Nepal’s National Payments Interface (NPI) to enable Person-to-Person (P2P) digital transaction capabilities.
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