India's Electricity Demand Rises 2.4% In July Due To Strong Industrial Activity: CRISIL
India's electricity demand rose 2.4% in July to 154 billion units, driven by industrial activity, according to a CRISIL report.
India's electricity demand surged 2.4 per cent in July to 154 billion units (BUs), compared with 150 BUs in the year-ago amid buoyant industrial activity, according to a CRISIL report.
The improvement in demand is in sharp contrast to May and June, which saw on-year degrowth of 4.8% and 2.3%, respectively, the report added.
The HSBC India Manufacturing Purchasing Managers' Index (PMI), a gauge of industrial activity, printed at a 16-month high of 59.1 for the month, up from 58.4 in June.
Demand in the southern region rose 11.4 per cent on-year. This was in line with a rainfall deficit of 1% in the South Peninsular Region, as per the India Meteorological Department (IMD).
In contrast, the report added, power demand in the northern region, decreased 5 per cent vis-a-vis a 17% increase in July 2024.
Peak power demand was also more than 10% lower in July compared with the highest peak recorded in June, with similar deviation seen in fiscals 2023 and 2024, it said.
Crisil Intelligence estimates a 2.5-3.5% on-year growth in power demand this fiscal to 1,745-1,755 BU, marking a moderation from 4.2% last fiscal. There are two major drags: First, a statistical high-base effect because power demand in India increased a cumulative 418 BU between fiscals 2021 and 2025. Second, the IMD estimates another good southwest monsoon season. The consequent lowering of ambient temperature is expected to curb demand for electricity
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August 12, 2025, 13:04 IST
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