India energy demand improved in November, but at a slower pace: Report
Mumbai: Energy demand, which is often regarded as a barometer for economic growth, in November this year saw an improvement when compared to the same month year. The energy demand however, slowed its pace when compared to the rate of growth in the last few months, an India Ratings and Research report said.
As per the report November saw a jump in its year on year (yoy) demand but the rate of increase was below the year on year growth figures of previous months.
In November 2020, the all-India energy demand increased yoy for the third consecutive month, after declining over March-August 2020. Although the improvement slowed down to 3.7% yoy to 97.9 billion units (October 2020: up 11.5%; September 2020: up 4.0%).
