内容摘要：HONG KONG (AP) — European shares closed higher and U.S. futures surged Monday after U.S. President Donald Trump said he would delay a

HONG KONG (AP) — European shares closed higher and U.S. futures surged Monday after U.S. President Donald Trump said he would delay a

Solar is now half the cost of power from new coal-powered plants. Availability of cheap components and many sunny days each year in India are some reasons experts say installed solar power increased 30 times in the last decade.“Solar power is the cheapest it’s ever been,” said Ruchita Shah, an energy analyst at climate think-tank Ember. Shah added that dropping costs for energy storage, in the form of batteries, means that renewable power will be the “new normal,” even when the sun doesn’t shine or the wind doesn’t blow.

India has nearly 170 gigawatts of renewable energy projects in the pipeline, which are expected to be completed in the next few years.“I have no doubt that India will reach its target of 500 gigawatts by 2030,” said Raghav Pachouri, an energy expert at Vasudha Foundation, a New Delhi-based think-tank.A car gets charged at an electric vehicle charging station at a residential building parking area in Mumbai, India, July 23, 2024. (AP Photo/Rajanish Kakade, File)

A car gets charged at an electric vehicle charging station at a residential building parking area in Mumbai, India, July 23, 2024. (AP Photo/Rajanish Kakade, File)Experts say the growth in renewables is being spurred by India’s plans to add approximately 50 gigawatts of non-fossil fuel power capacity every year for the next five years and for clean power to provide 50% of the nation’s energy by the decade. When burned, fossil fuels let off greenhouse gases like carbon dioxide, the main driver of climate change.

A 2022 law that made electricity cheaper for companies choosing to buy clean power, the federal government’s recommendation that state utilities buy more renewable power and a 2023 government plan to invest $452 million have all catalyzed investments in renewables.

India has the fourth highest amount of clean power installed in the world and government officials said $81 billion has been invested in the renewable energy sector in the last decade. Multiple large-scale renewable power projects have begun operations or are under construction, including one of theThe January-March drop in gross domestic product — the nation’s output of goods and services — reversed a 2.4% gain in the fourth quarter of 2024. Imports grew at a 42.6% pace, fastest since third-quarter 2020, and shaved more than 5 percentage points off GDP growth. Consumer spending also slowed sharply.

And federal government spending fell at a 4.6% annual pace, the biggest drop in three years.Trade deficits reduce GDP. But that’s mainly a matter of mathematics. GDP is supposed to count only what’s produced domestically. So imports — which the government counts as consumer spending in the GDP report when you buy, say, Costa Rican coffee — have to be subtracted out to keep them from artificially inflating domestic production.

The first-quarter import surge likely won’t be repeated in the April-June quarter and therefore shouldn’t weigh on GDP.From January through March, business investment surged 24.4%. An increase in inventories — as businesses stocked up ahead of the tariffs — added more than 2.6 percentage points to first-quarter GDP growth.