India’s solar industry, aiming to compete with China, finds strength as US tariffs hit home
Summary
India's solar manufacturing industry is rapidly growing to meet domestic demand and compete globally, despite US tariffs and reliance on Chinese raw materials.
Key Points
- India's solar component manufacturing capacity more than doubled in the fiscal year ending March 2025.
- The US imposed 50% tariffs on Indian solar products, impacting exports but domestic demand cushions the blow.
- India aims for 500 gigawatts of clean energy capacity by 2030, with nearly 170 gigawatts of renewable projects underway.
- India is reducing dependency on Chinese solar imports but still relies on raw materials like polysilicon.
