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Indian Solar Imports Were Up by 20% in FY 2018

Compared to Fiscal Year 2017, Indian solar imports witnessed nearly a 20 percent spike in line with increase in installations

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Compared to FY 2016-17, Indian solar imports witnessed a 20 percent spike from approximately $3.19 billion in FY 2016-17 to nearly $3.83 billion in FY 2017-18. Imports increased toward the end of the financial year as more project developers sought to meet commissioning deadlines. Over 3 GW of solar photovoltaic (PV) capacity was installed in India during the last quarter of FY 2017-18.

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