ET Intelligence Group: Power consumption in India is on the rise, reflecting a gradual improvement in economic activities after the government relaxed lockdown restrictions in regions with lower impact from the Covid-19 pandemic.
According to the data from the Power System Operation Corporation (POSOCO), consumption rose by 11.6% to 3,297 million units per day between May 11 and May 17 compared to the last seven days of the previous month. Northern and southern states showed visible improvements in business activity.
Nearly two-thirds of the manufacturing companies in the BSE-200 index have restarted production at utilisation rates of 25-40% of their capacities. Leading auto companies, barring commercial vehicle makers, have started operating in one shift beginning from the first week of May. The auto sector contributes nearly half to the country’s manufacturing output and nearly one-fifth to its GDP.
