Due to unprecedented rainfall, demand for power in India fell 1.3 per cent in March, rating agency CRISIL said on Tuesday. This fall in demand also led to a fall in power generation by 7 per cent year-on-year (YoY) in the month.
According to the Indian Meteorological Department (IMD), India received 37.6 mm of rainfall in March, the highest it received in the last three years. In March 2021, India received 16.7 mm of rainfall and in March 2022, 44.7 mm.
The peak demand during March was, however, 3 per cent higher at 209 GW compared to 202 in March 2022.
