India 6th largest solar PV exporter

India is now the sixth largest exporter of solar photovoltaic (PV) with the country’s share in global exports of the product having risen to 2.51% in 2023 from 0.4% in 2013. The outbound shipments of solar PV rose to $1.83 billion in 2023 from $200.8 million in 2013, an official said.

In April-October FY25, India exported $711.95 million worth of PV cells assembled in modules or made up into panels with 96% of the shipments going to the US. New Delhi also exported $25 million of photovoltaic cells not assembled in modules or made up into panels in April-October FY25 with 90% of the exports going to the US.

“India’s solar PV exports has witnessed a remarkable increase. This represents a substantial growth of over eightfold and a significant rise in India's prominence as a solar PV exporter,” the official said, attributing the growth to growing global demand and policy initiatives to promote solar energy.


In FY24, India imported $7 billion worth of solar equipment, with China supplying 62.6%.