Investments in the Indian solar sector in the second quarter of the calendar year 2023 totaled $1.57 billion (~₹129.86 billion), a 46% year-over-year decrease from $2.9 billion (~₹239.87 billion). The figures were revealed in Mercom India Research’s latest report, Q2 2023 India Solar Market Quarterly Update. The decline was primarily due to the delays, extensions, and postponements of utility-scale projects to next year. Additionally, the falling module prices lowered project costs and investment requirements.