India needs solar equipment imports worth $30 bn annually: GTRI
In 2023-24, India imported $7 billion worth of solar equipment, with China supplying 62.6% of these imports.
In 2023-24, India imported $7 billion worth of solar equipment, with China supplying 62.6% of these imports.
According to GTRI, the zero-tariff policy under CEPA is projected to cause an annual revenue loss of ₹63,375 crore due to duty-free imports of gold and silver, based on FY2024 import levels.
The GTRI report points out that India's exports to these FTA partners have increased at a lower rate than its imports.