India’s power demand is set to surge. ICRA projects a 6-6.5% growth over five years. Electric vehicles, green hydrogen, and data centres will fuel this rise. Generation capacity addition is expected to hit a record 44 GW in fiscal year 2026. Renewable energy will be a key driver. Thermal power is also seeing increased capacity.
Power demand to grow at 6.5% CAGR over next 5 years: ICRA
