India is projected to become the world's second largest solar market by 2026.

India has now surpassed the United States to become the world's second-largest solar market, after only China. This historic milestone strengthens India's position as a global leader in the renewable energy transition. India's solar journey went from 2.6 GW in 2014 to 155GW in 2014.

Key highlights of this rapid industry growth include:

• Record-Breaking Capacity Additions: In just 14 months, India added 50 GW of solar capacity, bringing its total cumulative capacity above 150 GW.

• Annual Growth: In the most recent fiscal year, India added about 45 GW of new solar capacity, exceeding the United States' annual installations as the American market experienced regulatory challenges and supply bottlenecks.

• Production Surge: With government incentives like as the Production Linked Incentive (PLI) schemes, domestic solar module production capacity has surpassed 170 GW, significantly reducing dependency on imports.

• Flagship Policies: The surge is being driven mostly by strong government initiatives, particularly the PM Surya Ghar (rooftop solar) project and large-scale utility tenders.

This exceptional expansion keeps the country on track to meet its ambitious target of 500 GW of nonfossil fuel capacity by 2030. You may get official data, statistics, and policy updates on the Ministry of New and Renewable Energy (MNRE) portal.