India's 2024 power output growth is slowest since pandemic, data shows
6 days, 4 hours ago

India's 2024 power output growth is slowest since pandemic, data shows

The Hindu  

India's electricity generation grew at its slowest pace in 2024 since the COVID-19 pandemic, an analysis of federal grid regulator data showed, hit by a slowdown in the world's fastest growing major economy. Power output rose 5.8% annually to 1,824.13 billion kilowatt-hours, an analysis of daily load despatch data from federal grid regulator Grid-India showed. Growth in power generation averaged 2.3% in the year's second half, nearly a quarter of the first half's rise of 9.6%, the data showed. But the year also saw tepid growth in the renewables sector, with growth of 18.4% in total solar output its slowest since India made international commitments to fight climate change in 2015.

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History of this topic

India’s Industrial Output Hits 6-Month High at 5.2%
4 days, 2 hours ago

India’s Industrial Output Hits 6-Month High at 5.2%

Deccan Chronicle  

India's industrial output growth accelerated to a six-month high of 5.2 per cent year-on-year in November 2024 against the backdrop festive demand and pick-up in manufacturing sector. As per use-based classification, the data further showed that the capital goods segment growth accelerated to 9 per cent in November 2024 against a contraction of 1.1 per cent in the year-ago period. …

India's power output growth in 2024 slowest since pandemic: Report
6 days, 15 hours ago

India's power output growth in 2024 slowest since pandemic: Report

India Today  

Electricity generation in 2024 grew at its slowest pace since the Covid-19 pandemic, reflecting a broader economic slowdown, reported news agency Reuters, quoting data from Grid-India. “Electricity demand picked up in December with colder weather boosting heating system usage,” Sooraj Narayan, head of Asia-Pacific power modeling at Wood Mackenzie, told the news agency. “We expect a demand growth rate of …

Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues
1 week, 3 days ago

Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues

Live Mint  

Foreign direct investment inflows into India—investments by foreign entities in domestic businesses—hold the potential to transform the economy. Fiscal deficit: Tax buoyancy holds the key to managing deficits India introduced the Fiscal Responsibility and Budget Management Act in 2003, targeting a fiscal deficit—the gap between government spending and revenue—of 3% of GDP. In 2022-23, the last year for which actual …

Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues
1 week, 3 days ago

Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues

Live Mint  

Foreign direct investment inflows into India—investments by foreign entities in domestic businesses—hold the potential to transform the economy. Fiscal deficit: Tax buoyancy holds the key to managing deficits India introduced the Fiscal Responsibility and Budget Management Act in 2003, targeting a fiscal deficit—the gap between government spending and revenue—of 3% of GDP. In 2022-23, the last year for which actual …

India met all-time maximum power demand of 250 GW in 2024
1 week, 6 days ago

India met all-time maximum power demand of 250 GW in 2024

Live Mint  

New Delhi, January 1 : The year 2024 marked a landmark period for India's power sector, with historic advancements in energy generation, transmission, and distribution. From meeting record power demand of 250 GW to reducing energy shortages at the national level to a mere 0.1 per cent in 2024-25, the sector demonstrated resilience and commitment to sustainable growth. In the …

India’s Core Sector Growth Rose to a Four-Month High of 4.3 PC in November
Trending News
1 week, 6 days ago

India’s Core Sector Growth Rose to a Four-Month High of 4.3 PC in November

Deccan Chronicle  

New Delhi: Driven by robust construction activity, India’s core sector growth rose to a four-month high of 4.3 percent in November as compared to 3.7 percent in October. “The cement industry expanded at the fastest pace in 13 months of 13 percent, rising from 3.1 percent growth in the previous month, while the coal sector held steady with 7.5 percent …

The year in data: how 2024 stacked up for economy, politics, climate and more
Trending News
2 weeks ago

The year in data: how 2024 stacked up for economy, politics, climate and more

Live Mint  

India is always beaming with the extraordinary potential of a massive young population, rapidly growing middle class, and geographical richness. Beyond air, India’s growth and development trajectory will also be threatened by climate change and it will have to set aside huge budgets to tackle its impact. The Reserve Bank of India underestimated inflation for the fifth year in 2024-25 …

India to boost power generation, transmission infra to achieve 24X7 power for all in 2025
2 weeks, 2 days ago

India to boost power generation, transmission infra to achieve 24X7 power for all in 2025

Live Mint  

New Delhi Dec 29 India will set up more coal-fired and hydro-power plants and ramp up transmission infrastructure to achieve round-the-clock ‘Power for All' in 2025, besides meeting rising demand fueled by economic expansion. To meet the growing energy demand, the government has devised a major plan for power generation capacity addition and the expansion of transmission infrastructure. To evacuate …

India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P
2 weeks, 5 days ago

India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P

Live Mint  

India is poised to close 2024 with a higher oil demand growth rate than China, underscoring its emergence as a key consumption hub in Asia, according to a report by S&P Global Commodity Insights. "India is set to end the year with its oil demand growth rate surpassing China's, making it one of the fastest-growing consumption centres," the report noted, …

India in 2025: Challenges are resurfacing but so are opportunities
3 weeks, 5 days ago

India in 2025: Challenges are resurfacing but so are opportunities

Live Mint  

Much has been said about India’s growth slowdown to 5.4% in the quarter ending September. We believe that the bulk of the growth exuberance over the past few years has been led by the rise of ‘new India’, a small but fast growing part of the economy, which comprises several high-tech sectors. After several heady years, the base of ‘new …

The issue of India’s economic growth versus emissions
1 month ago

The issue of India’s economic growth versus emissions

The Hindu  

The Indian economy has consistently showcased its robust growth over the past few decades. The claim The claim of India’s decoupling made in the Economic Survey comes from comparing GDP and emissions growth rates between 2005 and 2019. While there has been no absolute decoupling in India, since 1990, GDP in India has grown at a much higher pace than …

India’s Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor
1 month, 1 week ago

India’s Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor

Deccan Chronicle  

New Delhi: In line with the Economic Survey, India's chief economic advisor V Anantha Nageswaran on Monday said that the country's potential GDP growth is in the range of 6.5-7 percent and the country should be able to achieve it on the back of things that have already happened in the last 10 years whether it is in terms of …

India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data
1 month, 2 weeks ago

India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data

Hindustan Times  

NEW DELHI: India’s growth of gross domestic product slowed to a seven-quarter low during July-September quarter of 2024-25, data released by the ministry of statistics and programme implementation showed. India remains the fastest-growing major economy as China’s GDP growth in the July-September quarter this year was 4.6%. The economy expanded 5.4% in the quarter ending September 2024 from a year …

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
1 month, 2 weeks ago

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data

Hindustan Times  

India's Gross Domestic Product growth slowed down to 5.4% during the second quarter of the financial year 2024-25 due to the falling growth rate in manufacturing, consumption, and mining. India's GDP growth slows to 5.4% in Q2 2024-25, govt data shows In comparison, the GDP growth rate was 8.1% in the second quarter of 2023-24, according to government data released …

India’s GDP growth: The first half faltered, but economy seen rebounding in the second
Trending News
1 month, 2 weeks ago

India’s GDP growth: The first half faltered, but economy seen rebounding in the second

Live Mint  

Two consecutive quarters of disappointing economic growth have left economists pinning their hopes on a rebound in the second half of the fiscal year. Some economists, however, expect India’s FY25 GDP growth to be lower than the Reserve Bank of India’s 7.2% outlook because of the disappointing economic growth in the first two quarters of the fiscal year. “Government will …

India’s GDP growth likely moderated to 6.5% in Q2, says Icra
Trending News
1 month, 3 weeks ago

India’s GDP growth likely moderated to 6.5% in Q2, says Icra

Live Mint  

New Delhi: India’s GDP growth is likely to have slowed marginally to 6.5% in the second quarter of FY2025 from 6.7% in the previous quarter, primarily due to heavy rainfall, weak corporate margins, and subdued exports, according to rating agency Icra. While government capital expenditure and healthy kharif sowing provided a lift, their impact was offset by disruptions caused by …

Clean energy could create millions of tons of waste in India. Some are working to avoid that
1 month, 4 weeks ago

Clean energy could create millions of tons of waste in India. Some are working to avoid that

Associated Press  

KENCHANAHALLI, India — On the edges of a dense forest in southern India, six women in a small garage are busy stitching cloth bags, pants, hospital gowns and office uniforms with automated sewing machines. That is not a concern anymore and we’re able to finish all our orders on time.” H. Gauri, 32, uses an electric sewing machine to stitch …

India's Renewable Energy Capacity Hits New Milestone: Centre
2 months ago

India's Renewable Energy Capacity Hits New Milestone: Centre

Deccan Chronicle  

New Delhi: India has reached a significant milestone in its renewable energy journey, with the country's total renewable energy capacity crossing the 200 GW. India's total renewable energy installed capacity surged by an impressive 24.2 GW in just one year, reaching 203.18 GW in October 2024, up from 178.98 GW in October 2023. India's total electricity generation capacity has reached …

India's Retail Inflation at 3.65 Percent in August; Industrial Output Grows by 4.8 Percent in July
4 months ago

India's Retail Inflation at 3.65 Percent in August; Industrial Output Grows by 4.8 Percent in July

Deccan Chronicle  

New Delhi: India’s headline retail inflation for the month of August 2024 stood at 3.65 per cent as compared to 3.6 per cent in July, while it was 6.83 per cent a year ago. India’s industrial output growth also recorded a growth of 4.8 per cent in July 2024, two separate government data showed on Thursday. Meanwhile, India’s industrial production …

India’s industrial output grows 4.8% in July
4 months ago

India’s industrial output grows 4.8% in July

The Hindu  

India’s industrial output growth rose 4.8% in July, the second-slowest pace in the financial year 2024-25, from an upgraded 4.7% growth in June, even as mining and electricity growth slowed, and non-consumer durables’ production slipped a sharp 4.4%, marking the third contraction in four months. Manufacturing output growth picked up to 4.6% in July, from 3.2% in June, and was …

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters
4 months, 2 weeks ago

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Hindustan Times  

India's Gross Domestic Product moderated to 6.7% during the first quarter of the financial year 2024-25, compared to the 8.2% growth seen in the same quarter of the previous year, according to the data released by the Ministry of Statistics and Programme Implementation on Friday, August 30, 2024. India's GDP moderates to 6.7% in Q1 2024-25 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …

India has pushed hard for solar. But as its billions demand more power, coal always gets the call
5 months, 1 week ago

India has pushed hard for solar. But as its billions demand more power, coal always gets the call

Associated Press  

BENGALURU, India — India Prime Minister Narendra Modi was in the midst of a monthslong reelection campaign this April when he took to social media to trumpet a “remarkable feat!” and a “historic milestone” for his country: crossing 1 billion metric tons of coal and lignite production. It was proof, Modi said, of India’s “commitment to ensuring a vibrant coal …

Powering India’s future
5 months, 1 week ago

Powering India’s future

The Hindu  

In her seventh consecutive Budget speech, the Finance Minister announced measures indicating India’s commitment to its clean energy transition. Despite past efforts to add renewable capacity, its share in India’s power generation mix is just 13%. Previous power supply shortages and expectations of rising energy demand have driven policymakers to bet on new coal capacity. Instead, we must strive to …

Power usage, innovation driven by new infrastructure
5 months, 1 week ago

Power usage, innovation driven by new infrastructure

China Daily  

Factory workers at a charging pile manufacturer in Luoyang, Henan province, inspect EV charging piles. China's rapid development of new infrastructure has emerged as a key driver of power consumption, fueling substantial growth in sectors such as 5G, artificial intelligence and electric vehicles, said industry experts. Electricity consumption for internet data services, including big data processing, cloud storage, cloud computing …

At 4%, India's core sector growth slowest in 20 months: Govt data
5 months, 2 weeks ago

At 4%, India's core sector growth slowest in 20 months: Govt data

Business Standard  

Electricity generation saw a 7.7 per cent increase, which was lower than the 13.7 per cent growth in May but higher than the 4.2 per cent growth in June 2023. “With the onset of the monsoon, electricity growth reverted to single digits after two months, although it remained healthy at 7.7 per cent. Given the dip in core sector growth, …

Electricity consumption soars in 2024 with tech and EV growth
5 months, 2 weeks ago

Electricity consumption soars in 2024 with tech and EV growth

China Daily  

Driven by the rapid development of mobile internet, big data and cloud computing, electricity consumption for internet data services increased by 33.0 percent year-on-year during the first half of this year, according to the China Electricity Council. The rapid growth of electric vehicles led to a 63.7 percent year-on-year increase in electricity consumption for charging and battery swapping services in …

India's solar output grows at slowest pace in six years in first half of 2024
6 months, 1 week ago

India's solar output grows at slowest pace in six years in first half of 2024

Hindustan Times  

By Sudarshan Varadhan and Cassandra Yap India's solar output grows at slowest pace in six years in first half of 2024 SINGORE, - India's solar power generation grew at the slowest pace in six years in the first half of 2024, an analysis of data from the federal grid regulator showed, as the country further stepped up reliance on coal …

India likely to raise its estimate on peak power demand amid harsher summers
6 months, 1 week ago

India likely to raise its estimate on peak power demand amid harsher summers

Live Mint  

New Delhi: India’s power ministry will likely raise its projections for peak electricity demand after this year’s prolonged heatwave forced people to keep their air conditioners and fans running for longer than usual. The current projection of peak power demand reaching 384 GW by financial year 2031-32 may now have to be revised, said Pankaj Agarwal, secretary, Union ministry of …

India's power consumption rises nearly 9% to 152.38 billion units in June
6 months, 1 week ago

India's power consumption rises nearly 9% to 152.38 billion units in June

The Hindu  

India's power consumption rose by nearly 9% to 152.38 billion units in June compared to the year-ago period mainly due to scorching heat which forced excessive use of cooling appliances like air conditioners and desert coolers. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. The Ministry also estimated that peak power demand may …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months, 3 weeks ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

India's coal dependence for power to be highest in nine years as heatwaves intensify
6 months, 3 weeks ago

India's coal dependence for power to be highest in nine years as heatwaves intensify

Hindustan Times  

India will use more coal for generating electricity this year than it has in almost a decade, to cope with surging electricity demand, Bloomberg reported. Representational The country expects to add 15.4 gigawatts in the financial year 2024-25, the most in nine years, people familiar with the matter told Bloomberg. Coal still generates about three-quarters of India’s electricity, and the …

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's
7 months ago

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's

India TV News  

Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. India to remain fastest growing economy: World Bank Earlier this week, a Work Bank report stated that India will remain the fastest-growing major economy recording a steady growth of …

India's industrial output's year-on-year growth increases to 5% in April 2024
7 months ago

India's industrial output's year-on-year growth increases to 5% in April 2024

Hindustan Times  

The Index of Industrial Production grew by 5% for April 2024, compared to 4.6% growth during the same month of the previous year. IIP tracks activity in manufacturing, mining, and electricity generation IIP shows the performance of the industrial sector. The IIP figure for April 2024 stood at 147.7 compared to 140.7 in the same month last year, according to …

Scorching heat drives India's gas-fired power use to multi-year highs in May
7 months, 1 week ago

Scorching heat drives India's gas-fired power use to multi-year highs in May

Hindustan Times  

By Sudarshan Varadhan and Sarita Chaganti Singh Scorching heat drives India's gas-fired power use to multi-year highs in May NEW DELHI - Sweltering heat and policy measures are fuelling a surge in the use of gas-fired power in India, with imports of liquefied natural gas forecast to rise sharply over the next two years, industry officials and experts say. An …

Scorching heat drives India's gas-fired power use to multi-year highs in May
7 months, 1 week ago

Scorching heat drives India's gas-fired power use to multi-year highs in May

Hindustan Times  

By Sudarshan Varadhan and Sarita Chaganti Singh Scorching heat drives India's gas-fired power use to multi-year highs in May NEW DELHI, - Sweltering heat and policy measures are fuelling a surge in the use of gas-fired power in India, with imports of liquefied natural gas forecast to rise sharply over the next two years, industry officials and experts say. An …

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
7 months, 2 weeks ago

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent

India TV News  

India's Gross Domestic Product demonstrated robust growth in the January–March 2024 quarter, exceeding analysts' expectations, as per the latest official data released on Friday, May 31. For the full financial year 2023–24, India's GDP growth rate stood at an impressive 8.2 percent, up from 7 percent in FY23, according to an official statement. Analysts had anticipated slower GDP growth for …

India's 2024 economic growth projection revised upwards by U.N. to nearly 7%
7 months, 4 weeks ago

India's 2024 economic growth projection revised upwards by U.N. to nearly 7%

The Hindu  

The United Nations has revised upwards India’s growth projections for 2024, with the country’s economy now forecast to expand by close to 7% this year, mainly driven by strong public investment and resilient private consumption. The World Economic Situation and Prospects as of mid-2024, released Thursday, said, “India’s economy is forecast to expand by 6.9% in 2024 and 6.6% in …

Industrial output slows to 4.9% in March
8 months ago

Industrial output slows to 4.9% in March

The Hindu  

India’s industrial output growth slowed to 4.9% in March from 5.6% in February, as per the National Statistical Office, with base effects from last March when output had tanked 1.9%, boosting the uptick. Manufacturing, which constitutes 77.6% of the Index of Industrial Production, grew at a five-month high pace of 5.2% in March, relative to a mild 1.5% uptick in …

Power tariffs up in April as summer sets in
8 months, 1 week ago

Power tariffs up in April as summer sets in

Deccan Chronicle  

Chennai: The average power tariffs in the day-ahead market of the Indian Energy Exchange rose to Rs 5.1 per unit in April 2024, up from Rs 3.9 per unit in March 2024 as the demand increased with the summer heat. The rise in prices can be attributed to demand growth which remained healthy at 9.4 per cent on a year-on-year …

Infrastructure sectors’ output growth moderates to 5.2% in March
8 months, 2 weeks ago

Infrastructure sectors’ output growth moderates to 5.2% in March

The Hindu  

India’s eight core infrastructure sectors’ output growth moderated to 5.2% in March from an upgraded 7.1% uptick in February, with high growth in Cement and Electricity production offset by contractions in fertilisers and refinery products. However, this also marked the first time in at least 12 years that all eight sectors had recorded annual growth, led by double-digit upticks in …

INDIA’s clean energy transition goals in limbo
8 months, 2 weeks ago

INDIA’s clean energy transition goals in limbo

New Indian Express  

CHENNAI : While hosting the G20 Presidency for the first time, India championed a climate change-focused agenda and pushed the group of countries to agree to tripling global renewable energy capacity by 2030. A report titled “Indian States’ Electricity Transition: 2024” was released by the Institute for Energy Economics and Financial Analysis and Ember that looks into the performance of …

India's GDP to grow 6.1% in 2024: Moody's Analytics
9 months ago

India's GDP to grow 6.1% in 2024: Moody's Analytics

The Hindu  

Moody's Analytics on April 12 projected India's economy to expand 6.1% in 2024, lower than 7.7% growth clocked in 2023. We expect India’s GDP to grow 6.1% in 2024 after 7.7% last year," Moody's Analytics said. Moody's Analytics said looking at the GDP relative to its trajectory prior to the pandemic shows that India and Southeast Asia have seen some …

World Bank projects Indian economy to grow at 7.5% in 2024
9 months, 1 week ago

World Bank projects Indian economy to grow at 7.5% in 2024

Hindustan Times  

The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent. Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India. Overall, growth in South Asia is expected …

India’s hydropower output records steepest fall in nearly four decades
9 months, 1 week ago

India’s hydropower output records steepest fall in nearly four decades

The Hindu  

India's hydroelectricity output fell at the steepest pace in at least 38 years during the year ended March 31, a Reuters analysis of government data showed, as erratic rainfall forced further dependence on coal-fired power amid higher demand. The 16.3% drop in generation from India’s biggest clean energy source coincided with the share of renewables in power generation sliding for …

India’s Q3 GDP bucks all estimates at 8.4% growth
10 months, 2 weeks ago

India’s Q3 GDP bucks all estimates at 8.4% growth

Hindustan Times  

The Indian economy continued to outperform, with GDP growth in the quarter ending December coming in at 8.4%, beating analyst estimates by around 180 basis points or 1.8 percentage points, and the government now expects the economy to grow by 7.6% in 2023-24, up from the 7.3% projected in January. Given the fact that GDP numbers for 2021-22 and 2022-23 …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
10 months, 2 weeks ago

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations

Hindustan Times  

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday. India's GDP grows by 8.4 per cent in December quarter It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024. Earlier in the day, the …

Power generation up 6%, coal power 10% up
10 months, 2 weeks ago

Power generation up 6%, coal power 10% up

Deccan Chronicle  

Chennai: Power generation rose 6 per cent in the first 10 months of the current fiscal. From April to January 2024, power generation grew 6.60 per cent compared to the corresponding period in the previous year, a government release said without mentioning the volumes. The electricity generation target for the year 2023-24 has been fixed as 1750 billion units Coal-based …

India's power consumption grows 7.5 percent in April-January this fiscal year
10 months, 3 weeks ago

India's power consumption grows 7.5 percent in April-January this fiscal year

India TV News  

India's power consumption increased 7.5 percent on-year to 1354.97 billion units in the April-January period of this financial year, indicating an uptick in economic activities across the country. Power consumption in the country has increased to 1354.97 billion units in the April-January period of this financial year, from 1259.49 BU in the April-January period of fiscal 2022-23, according to government …

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up
11 months, 1 week ago

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up

Associated Press  

BENGALURU, India — For years, renewable projects in India have been growing steadily, from small-town rooftop solar installations to large-scale projects across the desert and long stretches of wind turbines and solar panels on farmland all contributing to the country’s climate goal of transitioning to clean energy. It takes up to two years for solar projects to come online after …

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