Budget 2019: Tempered Expectations from India’s Solar Industry
The interim Budget will be presented on February 1, 2019
January 30, 2019
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The year 2018 was a tumultuous one for the solar industry. Vague interpretation of the Goods and Services Tax (GST) rates led to a long period of confusion which in turn delayed many projects. Further, the imposition of safeguard duty in the middle of the year led to many legal battles and increased the costs of solar projects. Cancellation of many auctions by state agencies amid such uncertainties also hampered the confidence of solar developers in the government.