Chennai: Industrial production has been impacted by high energy prices in India and this could weigh on economic growth of the country. Natural gas and coal prices are expected to remain at high levels through the start of 2022, finds the World Bank.
Industrial production in China and India has been negatively impacted by electricity shortages amidst insufficient electricity availability. Higher energy prices could therefore also weigh on economic growth, which would in turn reduce demand for natural gas and coal.
In a report, the World Bank said natural gas and coal prices are expected to remain at high levels through the start of 2022 but then decline as supply constraints ease and production increases.
