According to Mercom’s 2017 Q4 and Annual India Solar Market Update,  the average selling price (ASP) of Chinese modules rose to $0.36 (~₹23.45)/W in Q4 2017 from $0.35 (~₹22.80)/W in Q3 2017, an increase of four percent quarter-over-quarter. The increase was less steep than the 14 percent rise in ASP logged from Q2 to Q3, however, it marked the second quarter in a row of module price increases.