NEW DELHI: India’s electricity demand is expected to recover from May, according to India Ratings and Research (Ind-Ra).
This assumes importance given that energy consumption, especially electricity and refinery products, is typically linked to overall demand in the economy.
India’s peak electricity demand has dropped due to the lockdowns imposed by several states to stem the second wave of coronavirus pandemic that has claimed many lives. The electricity demand that had revived after the first wave last year has dipped again.
“With COVID cases peaking in May and announcements by certain states to open up from June, Ind-Ra expects energy demand to start recovering from June 2021,” Ind-Ra said in a statement.
