India, Dec. 11 -- India's Production Linked Incentive (PLI) scheme for high-efficiency solar photovoltaic (PV) modules has driven a sharp jump in domestic manufacturing capacity since its launch in 2021, but significant policy and operational hurdles continue to threaten its long-term impact, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA South Asia) and JMK Research.

Launched with an initial outlay of Rs 4,500 crore ($517 million) and expanded by another Rs 19,500 crore ($2.24 billion) in 2022, the PLI scheme has triggered strong industry interest and accelerated India's push for self-sufficiency in solar manufacturing. As of June 2025, India's PV capacity stands at 3.3 gigawatt (GW) poly...