The IECC further said that if electricity demand continues to grow at an annual rate beyond 6 per cent, India will face evening power shortages by 2027. It observed that India's electricity demand grew by 7 per cent in 2023, significantly outpacing the global average of 2.2 per cent. Between May 2019 and May 2024, India's peak electricity demand surged by 68 GW, from 182 GW to 250 GW, marking an annual growth rate of 6.5 per cent.
