India slowdown: Electricity demand falls for 4th straight month, says govt data
India’s power demand fell 4.3% in November from a year ago, representing the fourth straight month of decline, government data showed, potentially reflecting a worsening industrial slowdown which has stifled overall economic growth.
In October, the country’s power demand fell 13.2% from a year ago, its steepest monthly decline in more than 12 years, as a growth slowdown in Asia’s third-largest economy deepened.
An official at India’s Ministry of Power attributed the tepid electricity demand to an early onset of winter and high rainfall, which he said has reduced the need for air conditioning.
