This Chinese reform is going to light up many homes in India; find out how

India's maximum annual solar-cell manufacturing capacity is about 3 gigawatts while average yearly demand is 20 gigawatts

India may be the biggest beneficiary of solar industry reforms in China that are poised to reduce prices for photovoltaic panels.

China announced last week it was halting approvals of some new solar projects this year and cutting subsidies to developers to ease its pace of expansion. That’s expected to slow demand in the world’s biggest market, weakening prices, and force the country’s manufacturers to ship more panels overseas.

Tariffs in India’s next solar auction scheduled for mid-June may fall below the Rs 2.44 per kilowatt hour record set May 17 last year, said Sanjay Sharma, general manager at Solar Energy Corp.