A worldwide slowdown or recession is a real possibility, given the current state of the global economy. However, the latest consumption figures for coal, petroleum products, natural gas and electricity showed that the Indian economy is far from any slowdown
In FY23, demand and availability of electricity in India grew by more than 9 per cent each year-on-year to hit a record high
The electricity generation target for 2023-24 is 1‚750 billion unit, compared to the provisional figure of 1,624.16 billion units in 2022-23, as per powermin.gov.in
The total export of electricity in 2021-22 (provisional) is 9‚231.63 GWh compared to 153.53 GWh in 2012-13 - a compound annual growth rate of 57.64 per cent, as per Ministry of Statistics and Program Implementation (MoSPI) data
The share of green energy in overall power generating capacity has grown 2.5 times in the past 10 years
Raw coal production reached an all-time high of 892.2 million tonnes in FY23 due to rising electricity demand and industrialisation. Annual production of Coal India Ltd in 2022-23 was 700.4 million tonnes. This is for the first time in 17 years that the company surpassed its annual production goal of 700 million tonnes
The consumption of petroleum products hit a record 222 million tonnes in FY23, up nearly 42 per cent in 10 years, thanks to the booming economy
In FY23, the total production of natural gas hit its highest level in nine years