3.4%
global economy due to geopolitical disruptions and a forecast baseline global growth falling from 3.4% in 2022 to 2.8% in 2023. In comparison, the Indian economy has fared much better due to several pro
2.8%
ue to geopolitical disruptions and a forecast baseline global growth falling from 3.4% in 2022 to 2.8% in 2023. In comparison, the Indian economy has fared much better due to several proactive policy
7%
pital expenditure and a robust financial sector. India is expected to register a strong growth of 7% for fiscal 2023 as per the economic survey 2022-2023 and has been identified as the fastest growi
5.1%
58.1 compared with 52.3 in Q4 of 2022. The country’s index of industrial production for 2023 grew 5.1% year-on-year basis. India’s G20 presidency this year provides a significant opportunity for the c
65%
age household electricity prices in the second half of 2022 were US$91 per megawatt hour which is 65% higher than the second half of 2021. In Australia, prices averaged A$170 per megawatt hour which
1,504 billion
f of 2021. A similar situation prevailed in India as electricity consumption in FY23 increased to 1,504 billion units, a 9.4% increase on a year-on-year basis. This was due to increased industrial activity, th
9.4%
situation prevailed in India as electricity consumption in FY23 increased to 1,504 billion units, a 9.4% increase on a year-on-year basis. This was due to increased industrial activity, the hottest summ
14.7%
s. While coal Indian Energy Exchange Limited May 26, 2023 production increased by 14.7% on a year-on-year basis in FY23 to 892 million tonnes the coal dispatch to the power sector durin
892 million
Exchange Limited May 26, 2023 production increased by 14.7% on a year-on-year basis in FY23 to 892 million tonnes the coal dispatch to the power sector during FY23 increased by 9.1%, however, this coal wa
9.1%
asis in FY23 to 892 million tonnes the coal dispatch to the power sector during FY23 increased by 9.1%, however, this coal was mainly supplied to PPA-based power plants to meet the increased demand. T
50%
meet the increased demand. This led to a reduction in the availability of e-auction coal by over 50% to 53 million tonnes in FY23 in comparison to 108 million tonnes in FY22 leading to a higher prem
53 million
he increased demand. This led to a reduction in the availability of e-auction coal by over 50% to 53 million tonnes in FY23 in comparison to 108 million tonnes in FY22 leading to a higher premium of nearly