India's solar PV manufacturing capacity hits 100 GW, but upstream import dependence remains high: NITI Aayog
India, Aug. 25 -- India's solar photovoltaic (PV) module manufacturing capacity has risen to 100 gigawatts (GW) by August 2025 from less than 3 GW in 2014, but the sector remains heavily dependent on imports for critical upstream inputs such as polysilicon and wafers, according to the government's think tank.
The report, Key Sectors to Position India as a Global Manufacturing Hub, by NITI Aayog and Crisil Intelligence that identified as one of 12 sectors with the potential to position India as a global manufacturing hub says India's domestic solar market was estimated at Rs 32,400 crore, or $3.7 billion, and is projected to grow at a compound annual growth rate of 17 to 20 per cent between fiscal 2023 and fiscal 2030.
India had installe...
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