“Every home will be a product of energy because …”: Nandan Nelikani predicts

Drawing the similarities with the interface of the unified payments (UPI), which has reshaped digital transactions, predicted the co -founder of Infosys Nandan Nilekani that the energy sector will create millions of owners of accurate projects.

“The next UPI is the energy,” said Aadhaar Creator, expecting a revolutionary transformation in the energy sector in India. Imagine in the future, every family becomes a center for energy production, consumption and trade.

Speaking at the “The Great Unlock: India in 2035” annual event, Nilekani explained his vision to produce decentralized energy. He added: “Every house will be an energy producer because they have a surface solar. Every house will be a power store because they have an EV battery. So, every energy produced, power seller, and power buyer. So, like UPI, you will now be able to buy and sell energy.” This approach is preparing to convert how to perceive energy and use it in India.

With the highlight of the potential impact, Nilekani suggested that this shift can create millions of partial entrepreneurs, pushing economic growth and technological innovation. “It will be a huge thing (energy) to create a group of his entrepreneurs,” he said. The possibility of this shift reflects UPI’s success, famous for easy use and wide dependence.

“We are used to purchasing and storing energy in small quantities, when you buy the LPG cylinder, you buy packages of packages. But the electricity that we have always thought about something coming from the network,” he said, confirmed the potential shift towards decentralized energy solutions.

Nilekani visions add UPI to the financial sector and their weight to its power sector predictions. UPI success has been well documented, dealing with more than 80 % of digital transactions in India and extending its operations to countries such as the United Arab Emirates and France. In January alone, UPI transactions exceeded 16.99 billion, with a value of more than 23.48 rupees. This wide adoption is attributed to the easy UPI interfaces and integration for use and integration with banks and Fintech platforms.

Nelkani has dealt with four critical areas necessary for the continuous development of India: technology, capital, entrepreneurship, and formal character. The ecosystem for the start of operation in India is scheduled to grow significantly, as Nilekani expects the number of startups that reach one million by 2035. The country is currently about 150,000 startups.