New Delhi, Dec. 30 -- Solar power tariffs continue to decline as technology advances and mass adoption increases across the globe. According to a report by PL Capital, India's solar industry is finding a major customer in the United States. The reason can be attributed to the U.S. restricting imports from China-linked supply chains. As a result, the U.S. became the main buyer, taking about 97 per cent of India's solar module exports between 2023 and 2025.

The report shows that India's solar module exports rose nearly nine times in 2023 and doubled again in 2024. It notes that this shift positions India as a "credible alternative supplier in the global solar value chain."

Cost is a major factor in this trade relationship. Indian solar mo...