India supplied less electricity for the fifth consecutive month in December, in a sign that the country’s industrial activity has not picked up amid an ongoing economic slowdown that is yet to bottom out.
The country’s power supply in December dropped around 1.09 per cent to 101.92 billion units in December from 103.04 billion units in the same month in 2018, according to data from Power System Operation Corporation Ltd (POSOCO).
The drop in supply is less than what was recorded in the previous three months, but this is the fifth month in a row that the energy demand met has been lower than the year before.
