Between January and March 2018, India's imports of photovoltaic cells and components rose 73 per cent from a year earlier, while exports fell 73 per cent, according to Mercom capital.
India imported $1.08 billion worth of photovoltaic cells and components in the first quarter, compared with $799 million in the fourth quarter of 2017.Exports, meanwhile, fell to $191.15 million from $70.18 million in the fourth quarter of 2007.
China remains India's largest source of photovoltaic cells and components, accounting for 91.5 percent of India's total imports.Taiwan accounts for 4.4 per cent of India's total solar imports, followed by Malaysia with 1.2 per cent and Canada with 0.8 per cent.In addition to these countries, Thailand and Vietnam also supply India with photovoltaic cells and components.
In the january-march period, more than three gigawatts of solar power was brought online, according to Mercom.
In exports, Niger accounts for 32 per cent of India's.India's second-largest importer of photovoltaic equipment is the United States, accounting for 14 percent.Us imports will rise further as the us decides to exempt India from a 30 per cent anti-dumping duty on solar products.South Africa and Belgium each account for 9% of India's export market.