India’s solar module manufacturing industry to see growth: CRISIL
India’s solar module manufacturing industry is poised for significant growth over the next five years, driven by domestic demand projected at 50-55 gigawatts (GW) annually from FY24 to FY30, according to a report by CRISIL. This growth will lead to oversupply, creating export opportunities starting from FY25. In FY24, India exported about seven GW of solar modules, which accounted for 50% of domestic production. However, by FY30, exports are expected to decline to 25-32% of…