Wednesday , July 24 2024

7.5 percent increase in electricity consumption in the first 10 months of the current financial year

New Delhi: During the first 10 months of the current financial year (2023-2024) i.e. April-January, the country's electricity consumption in India has increased by 7.5 percent year-on-year to 1,354.97 billion units. Which is indicating economic development in the entire country.

According to government data, electricity consumption in the country has increased to 1354.97 billion units in the April-January period of this financial year, which was 1259.49 billion units in the April-January period of the financial year 2022-23.

It was 1505.91 billion units in the entire financial year 2022-23. Experts believe that the 7.5 per cent growth in electricity consumption in the country clearly reflects the increase in economic activity in the first 10 months of this financial year.

There has been a sharp increase in electricity consumption in August, September and October due to industrial activities ahead of the festival season. Experts say that due to improvement in economic activities and cold wave conditions, electricity consumption will continue to increase in February.

In its first advance estimates released in January, the National Statistics Office said the country's economic growth will be 7.3 percent in 2023-24. The data showed electricity consumption rose 5.4 percent to 133.18 billion units in January from 126.30 billion units.

In January, the maximum demand for electricity in a day increased to 222.32 GW. The maximum power supply was 210.72 GW in January 2023 and 192.18 GW in January 2022.