US and China are thwarting India’s shot at $7 trillion solar prize

India's solar industry is poised for significant growth, potentially rivaling China by the mid-2030s, driven by increasing domestic demand and a desire to compete in export markets. However, the industry faces challenges including rising US tariffs and heavy reliance on Chinese imports for raw materials and equipment.

Aug 22, 2025 - 19:30
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US and China are thwarting India’s shot at $7 trillion solar prize
India's solar industry is poised for significant growth, potentially rivaling China by the mid-2030s, driven by increasing domestic demand and a desire to compete in export markets. However, the industry faces challenges including rising US tariffs and heavy reliance on Chinese imports for raw materials and equipment.

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