became the main buyer, taking about 97 per cent of India's solar module exports between 2023 and 2025. Indian modules are cheaper, making them attractive. It notes that this shift positions India as a credible alternative supplier in the global solar value chain Updated - December 30, 2025 at 04:55 PM. Solar power tariffs continue to decline as technology advances. . India's solar modules captured 97% of its exports to US (2023-25), up 9x in '23 & 2x in '24, as 19-21% cheaper alternative to US-made amid China curbs. Share rose to 11% vs Vietnam's 36%; US added 50GW capacity. But 50% tariff hits Aug 2025 over dumping, Russia oil. In Fiscal Year (FY) 2024, Indian PV manufacturers exported approximately U $2 billion worth of PV modules. The export value of PV modules from India increased by more than 23 times in just two y PV exports from India FY 2022.
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