202100070people's livelihoods. According to IRENA's annual energy-related CO 2 emission calculation for 2019, the earth's CO 2 emissions will be 33 Gt by 2050. Three potential solutions include electrification of transportation, massive amounts of renewable energy installations, and increased energy efficiency. As a result, CO 2 emissions can be reduced by 70%, resulting in 9.8 Gt in 2050. [1] Among these, increased renewable energy production is thought to play a significant role in CO 2 reduction. Taking this into consideration, all countries began investing in the production and installation of renewable energy sources such as solar, wind, biomass, and hydropower, among others. [2] Among the various renewable energy sources, solar is seen as the most promising and widely available. As a result, significant research is being conducted to improve the performance of solar PV. Silicon (Si) photovoltaics (PV) is the dominant solar PV technology, with a good power conversion efficiency (PCE) and stability. [3] However, the production of Si PV manufacturing is a time-consuming process and with a production of 40 g CO 2 eq kWh −1 . [4,5] Given that this research is aimed at identifying alternative PV materials with lower material utilization, lower cost, and ease of processing. Perovskite PV has achieved a remarkable PCE of 25.6% in a few years of research with easy processability and negligible CO 2 emissions. [6] As a result, it is assumed to be a Si PV technology alternative. Several solar cell manufacturing companies, including Oxford PV, [7] Solliance, [8] wonder solar, [9] Solaronix, [10] Saule technologies, [11] have emerged in recent years, indicating that perovskite PV is a promising future PV technology.Considering the need to transition to renewable technology and contribute to the global CO 2 emission reduction target, the Indian government also announced 100 and 300 Giga Watt (GW) solar photovoltaic (PV) installation targets for 2022 and 2030, respectively. [12,13] India currently has approximately 35 GW of installed PV capacity, the vast majority of which is based on crystalline-silicon (c-Si) technology. [14] India's solar photovoltaics production capacity is 3.2 GW cell manufacturing and 8.4 GW module manufacturing. [15] Polysilicon, ingot, and wafer are upstream supply chain components that are not manufactured in India at a large scale. India imports a massive portion of wafers, cells, and modules consumed in India. The COVID-19 pandemic has caused supply chain disruptions in recent years, resulting in a significant drop in Indian solar PV In recent years, perovskite solar cells (PSCs) have achieved a remarkable power conversion efficiency of 25.5%, indicating that they are a promising alternative to dominant Si photovoltaic (PV) technology. This technology is expected to solve the world's energy demand with minimal investment and very low CO 2 emissions. The market has shown a lot of interest in PSCs technology. A technoeconomic analysis is a useful tool for tracking manufacturing costs and forecast...