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Why the demand for power is surging despite India's growth slowdown

Data on diesel, another fuel closely tied to industrial performance, offers more evidence of the slowing factory demand

Despite economic slowdown, why demand for power is surging in India
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Rajesh Kumar Singh & Debjit Chakraborty | Bloomberg
An almost 7 per cent growth in India’s electricity demand at a time when economic expansion has cooled to its weakest in six years may appear as a paradox at first glance. Clarity emerges with a closer look.

Power requirement growth in the nation’s most industrialized states decelerated in the April-July period, as demand from businesses cooled in line with the broader slowdown in Asia’s third-largest economy. The overall jump in demand, on the other hand, came mostly because of a rise in demand from states that happened to add a large number of households to the electricity network for