Energy and Power Sector India

Energy and Power industry is the backbone of the industrial world, supplying essential energy to industrial, manufacturing, commercial, and residential sectors. The growth of the energy and power industry is driven by the expansion of power bases to meet growing demand from electricity-starved regions. Further, large investment and the wide number of projects in the country has boosted the market growth. India is the third-largest producer of electricity in the world with a generation of 1,561 terawatt-hours (TWh) as per the key world energy statistics published by Energy Association in 2019. During April-December 2019, electricity production reached 950.40 billion units. 

Browse the full report description Energy and Power Industry @ https://marketinsight.in/industry-reports/indian-energy-and-power-sector 

Further, Government support for initiatives ‘Clean India’ has also supported the energy and power industry growth. 

Key Aspects to Drive the Energy and Power Industry

• Energy demand: Continues growth in population and increasing per capita energy usage to increase the demand
• Attractive Opportunities: Focus on renewable energy supported by policies and investment to create enormous opportunities. 
• Policy support: Government initiatives such as Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), Ujwal DISCOM Assurance Yojana (UDAY), and Integrated Power Development Scheme (IPD) to support the market growth. 
• High investment: Total Foreign Direct Investment in the power sector reached $ 14.65 billion from April 2000 to September 2019, accounting for 3% of total FDI inflows in India. The Union Budget 2020-2021 has allocated $2.27 billion to the Ministry of Power and $786.95 million towards DDUGJY.

Segment by Region

• India

To learn more about this report Request a free sample copy @ https://marketinsight.in/request-sample/indian-energy-and-power-sector