India's Solar Imports Set to Skyrocket as Renewable Push Grows
India's push to meet its
2030 renewable energy targets could see solar equipment imports surge to $30
billion annually, according to the Global Trade Research Initiative. Despite
the country's ambitions to lead in clean energy, domestic solar production lags
behind growing demand. As a result, India is increasingly reliant on imports
from nations like China and Vietnam. To balance its renewable goals and self-reliance,
India must scale up local manufacturing and supply chains, reducing dependence
on foreign imports while ensuring sustainable energy security for the future.