Lower temperatures likely to have cooled down IIP in March, April

Lower-than-usual temperatures experienced during March and April this year — that led to lower power demand — may have had a cooling effect on industrial production, and to a lesser extent, on gross domestic product (GDP).

According to data sourced from the Grid Controller of India, energy demand met declined by 2.1 per cent in March 2023 compared to the same month last year.

While data on energy demand met for April is not available, data sourced from National Power portal shows that power generation declined 2.7 per cent in April 2023.