Depleting hydroelectricity output amid irregular rainfall in the past fiscal has led to a lower water level available in India's primary reservoirs which could further reduce hydropower generation during the summer
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The Quick Estimates reveal that the Index of Industrial Production for March 2024 stands at 159.2, based on 2011-12 as the reference year. Within this, the indices for the mining, manufacturing, and electricity sectors are 156.1, 155.1, and 204.2, respectively
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Private forecaster Skymet Weather Services and the Asia-Pacific Economic Cooperation (APEC) Climate Centre have echoed similar forecasts
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