New Delhi, Sept. 18 -- Yes Securities has stated in a recent report that India's solar industry is at an inflection point, showing rapid growth but also facing several looming risks.

Supported by favourable government policies, rising investments, and expanding production capacity, the sector has scaled up significantly over the past few years.

India's solar module manufacturing capacity has now reached nearly 100 gigawatts (GW), while solar cell capacity has crossed 25 GW. With multiple expansion plans underway, the country's total module capacity could touch 160-170 GW by 2028.

Policies such as the Production Linked Incentive (PLI), Basic Customs Duty (BCD), and the Approved List of Models and Manufacturers (ALMM) have played a key r...