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ICRA Forecasts Steady Power Demand Growth in FY2026 Amid Monsoon Drag and Renewable Surge

ICRA Forecasts Steady Power Demand Growth in FY2026 Amid Monsoon Drag and Renewable Surge

Despite the anticipated recovery, electricity demand growth remains below India’s GDP forecast of 6.5 per cent for FY2026. India’s electricity demand is expected to grow steadily in FY2026, with ratings agency ICRA projecting a full-year increase of around 4.5 per cent. This follows a subdued first half, where demand rose just 1 per cent due...