Too much, too fast? India’s solar manufacturing boom risks leading to overcapacity

This insight explores the state of India's solar module supply chain. It analyses the country's solar PV supply and demand dynamics, evaluates government policies driving domestic production growth (including PLI schemes, BCD, ALMM, and proposed antidumping duties), and assesses India's evolving position as a solar module exporter amid shifting US trade policies. The report examines emerging overcapacity risks and identifies strategic opportunities for Indian manufacturers in global markets. This report will help clients understand whether India's aggressive capacity buildout is sustainable and how policy changes are reshaping competitive dynamics in both domestic and export markets.