Power sector finally looking up, rapid demand growth spells an opportunity


Power sector finally looking up, rapid demand growth spells an opportunity

India’s power sector is undergoing a noteworthy change, and this has redefined the industry outlook. Demand for electricity is seeing a steady growth with a pick-up in the economy, especially manufacturing activity, as well as favorable government policy.

The government has implemented various progressive measures to maximise power generation capacity and improve distribution.

India has made great steps in raising access to electricity; as more than 13 crore people joined the power grid since 2013. Also, a close look at the index of electricity showed it has been growing considerably in core sector data.

Per capita electricity consumption, which was a mere 16.3 units in 1947, has increased to 1,122 units in 2016-17. Read More

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