India’s rank jumped to 24 in 2019 on World Bank’s Ease of doing business – “Getting Electricity” ranking. The power sector has an investment potential of $ 223.67 billion in the next 4 to 5 years. India stands fourth-largest in installed wind power capacity & third-largest in installed concentrated solar power capacity. India ranks third with a focus on Renewable Energy.
Growing power demand, the large availability of manpower, increasing urbanization, rising per capita energy consumption & electrification of the entire country boost the sector. Further, Governmental plans like ‘Power for All’ by its Saubhagya scheme offers free or heavily subsidized connections.
During the lockdown period, power supply saw a decline of almost 25% on a YOY basis. It is further expected to decline. Power, utilities & renewables companies all over the world are focused on keeping their assets on-line.
Click here to know more Statistics, news & updates: everything you need to know about the Consumer Industry in India or contact our market research team.