India Power Q3 2019
We maintain our view that India's power sector will expand rapidly over the coming decade, to be one of the largest andfastest growing market in the world. Rampant power consumption growth necessitates the development of power capacity, andwe forecast power capacity to increase by an annual average of 6.5% between 2019 and 2028, totaling just under 660GW. While theupcoming Lok Sabha elections pose some downside risk to the Indian power market, we believe that the power market growthtrajectory will be largely similar regardless of the election outcome.
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