New Delhi, March 21 -- India's solar capacity, over the past decade, has grown at an impressive 38 per cent compound annual growth rate (CAGR), now accounting for over 60 per cent of the country's total renewable energy portfolio, the Rubix Data Sciences said in a report.

In FY2024 alone, India added a record 24.5 GW of solar capacity, more than double the previous year's installations.

The report also highlights a shift toward self-reliance, with solar module imports from China declining from over 90 per cent in FY2022 to 65 percent in FY2024, while exports surged 23-fold, while exports surged 23-fold touching nearly USD 2 billion in FY2024.

These developments underscore India's growing influence in the global renewable energy sector,...