India exported solar cells and modules worth $463.8 million (~₹38.6 billion) in the second quarter (Q2) of calendar year 2023, a staggering year-over-year increase of 1,669%, according to the Department of Commerce data. However, on a quarter-over-quarter basis, exports fell 3.1% from $478.8 million (~₹39.9 billion) in Q1 2023. Solar photovoltaic modules accounted for approximately 98% of the country’s total solar exports.