This paper studies the characteristics of the Indian wind energy programme while setting out the developments that have taken place so far. An outstanding start has been made in commercializing wind energy in India. India is the first (and the only) developing country that has gained a high position in the world in terms of installed wind-power capacity. However, recently the market dynamics have changed. As a result, the pace of new additions is stalling. Major undercurrents to that effect in terms of policy, institutional and technical factors are analyzed. New policy initiatives are suggested, and they address the involved technical and commercial concerns of both the State-run utility and wind-power plant entrepreneurs to spur sustained development in the next millennium.