Image Source : REPRESENTATIVE PIC/PTI Growth in power consumption
Indicating sustained economic recovery, the government data showed India’s power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period.
The robust growth of power consumption in the month mainly indicates an increase in economic activities as generally it remains subdued in November.
Experts say power consumption and demand will further increase in the coming months due to use of heating appliances, especially in the northern part of the country, and further improvement in economic activities on account of the beginning of the new rabi crop season.
Farmers use electricity to run tubewells for irrigation for new crops. In November last year, power consumption was 99.32 billion units (BU), higher than 96.88 BU in the same month of 2020, the data showed.
The peak power demand met, which is the highest supply in a day, last month rose to 187.38 gigawatt (GW).
The peak power supply stood at 166.10 GW in November 2021 and 160.77 GW in November 2020.
The peak power demand met was 155.32 GW in November 2019, which was the pre-pandemic period.
Electricity consumption in November 2019 stood at 93.94 BU.
Experts say the robust growth in power consumption in November indicates sustained recovery. They also opine that power consumption as well as demand would see high growth in coming months in view of further improvement in industrial and commercial activities across the country.
(With PTI input)
Also Read: India’s GDP growth slips to 6.3 pc in Q2, but remains fastest-growing major economy
Latest Business News
Source link
