India’s Solar Exports Jumped by 223% While Imports Increased by 38% in Q3 2018


India’s Solar Exports Jumped by 223% While Imports Increased by 38% in Q3 2018

Indian solar imports spiked considerably in the third quarter (Q3) of calendar year (CY) 2018. According to the latest data from the Department of Commerce, solar modules and cells worth $602 million (~₹42.96 billion) were imported by India in the third quarter of 2018.

This figure is approximately 38 percent more than the $436.63 million (~₹31.21 billion) of solar cells and modules imported by India in the previous quarter of 2018. However, import activity was down 17 percent compared to the same quarter in 2017.

In Q3 CY 2018, India exported solar cells and modules worth $56.23 million (~₹4.01 billion), a growth of 223 percent when compared to Q2 CY 2018. In Q2 CY 2018, India had exported solar cells and modules worth $17.4 million (~₹1.24 billion). Read More

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