Power demand to grow above 6% in FY23

India’s power demand may grow by over 6% for the second year in a row in FY23, which is higher than the pre-pandemic levels and the long-period average growth of 5%, Crisil said. The above-average growth trend could continue for two more fiscal years, it added.

During the first quarter of the current fiscal, power demand has already seen a 18.7% on-year growth, in line with economic recovery.