India, the third-largest solar market in the world
The solar industry in India T he country's solar industry is showing signs of recovery with increased activity compared to the previous quarter while 2020 worst years for solar in India as COVID-19 took a heavy toll on the industry, the industry still has a long way to go. However, the market is almost back on its feet, and the mood is upbeat as the industry heads to 2021 - one of the best years foretasted for the sector," said Raj Prabhu, CEO of Mercom Capital Group. India, the third-largest solar market in the world, India has witnessed a dip in terms of capacity addition, which fell from 9.6 gigawatt (GW) in 2017 to 8.3 GW in 2018, indicating a slowdown of 16 per cent. Gradually India is becoming a favorite investment destination for both local and global players. Today Indian economy has the second-fastest rate of increase in GDP in the world - 7.1%. The country accounts for one thirds of the world's population without access to electricity. The situation ari