Central Electricity Authority (CEA) in its latest data has showed that India’s power demand dropped 4.3% in November 2019 from a year ago, representing the fourth straight month of decline, potentially reflecting a worsening industrial slowdown which has stifled overall economic growth.
Data showed that electricity demand fell to 94.60 billion units in November 2019, from 98.84 billion units during the same period last year. India’s most industrialized and electricity hungry state of Maharashtra saw demand fall 8.1%. Demand from large states such as the central Madhya Pradesh fell 13.9%, while power requirement from the north western state of Rajasthan fell 5.7%.
For the eight months ending November 30, 2019, India’s electricity demand was up 1.2%. Demand rose 6.4% during the eight months ended November 30, 2018. Besides, India’s power demand fell 13.2% in October from a year ago, posting its steepest monthly decline in more than 12 years, reflecting a deepening growth slowdown in Asia’s third-largest economy.
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