Whalesbook
US tariffs are severely impacting India's solar PV module export competitiveness, especially as the US accounted for 97% of these exports in 2024. Despite India's massive growth in manufacturing capacity to over 68 GW, export-oriented firms face reduced margins and potential slowdowns. Experts recommend that Indian manufacturers prioritize long-term competitiveness by developing high-efficiency technologies, strengthening ESG performance, and aligning with emerging European regulations to diversify markets and sustain growth.