Due to the ongoing heatwave, there has been an increase in both demand for FMCG items as well as durable goods, with major industry players betting on double-digit growth in sales
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The demand for credit continues to be on an upward trajectory, according to the report
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According to a WGC, despite this pause, the gold market remains robust with significant movements in prices, imports and investor activity.
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The recent temperature surge has significantly pushed up power demand, with India's peak demand reaching 250 GW this year, surpassing the previous high of 243 GW recorded in September last year
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Crisil Ratings says, India touches new highs in peak power demand at 246 GW and 250 GW on 29 and 30 May, respectively.
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The sales growth of corporates improved in Q4 FY24, maintaining the trend of the past two quarters. While sales growth saw improvement, an uptick in expenditure led by rising input prices has impacted corporate profitability in the quarter
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The rating agency expected that the power demand in the country would grow by 5 to 6 per cent per annum over this period.
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The current heatwave, coupled with lower global spot LNG prices and a government push to prevent power supply disruptions during the election season, has boosted overall gas-fired power generation
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The healthy demand growth continued in the first two months of FY25 at over 10 per cent supported by a favourable base. The report stands validated by the record maximum power demand of 250 GW on 30 May, as declared by the Ministry of Power.
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As per the Ministry of Power, the Northern region also achieved a record demand met, reaching an all-time high of 86.7 GW on Thursday, while the Western region also touched its maximum demand met of 74.8 GW.
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