New Delhi, Aug. 25 -- India's solar industry may face a potential oversupply as cumulative installations are projected to reach 190 gigawatts (GW) by 2027, according to a recent report by SBI Capital.

The concern stems from shrinking export opportunities following recent US policy changes that roll back incentives for solar projects.

The report estimates that India will require a steady-state module manufacturing capacity of 100 GW, with annual capacity additions of 40-50 GW necessary to meet renewable energy targets.

Over the past two years, India's module manufacturing ecosystem has expanded sharply to nearly 100 GW, supported by schemes such as the Production Linked Incentive (PLI) and the Approved List of Models and Manufacturers (...