In the past one year, investment in the Indian Solar Industry has come down to 67%. According to Bloomberg, investment in the solar energy sector grew by 90% in 2010 to reach $5.2 billion in 2011, but it came down drastically to $1.7 billion in 2012.
The Indian government aims for a capacity addition of 10,000 mw of solar power by 2017 under the ambitious Jawaharlal Nehru National Solar Mission. But currently, the capacity stands at a mere 1,200 mw.
The government hopes to sell solar power at the same rate at which conventional power is sold in 4 years from now. The Indian solar industry is still in its infancy but it holds a huge potential yet to be tapped or harnessed.