2013 Overview: Business Sectors in India

4. Power

The Power & Energy Infrastructure sector in India is hovering for a foremost lift-off. The APDRP, Accelerated Power Development & Reforms Programme 2002 – 2012, has witnessed an adding up of around 22,000 MW throughout last five years. And capacities add up of over 78,000 MW was setup by 2012. Though the country faced a massive power cut for two consecutive days which included 19 cities along with Delhi but it is not expected any more.

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The 14th International Exhibition and Conference, Power India 2012 highlighted that the market potential to uphold the GDP growth rate of India @ 8 percent plus per annum requirements the power sector to grow at 1.8 - 2 times the GDP rate of growth as espoused by economists, planners and industry experts. This would signify a YOY capacity totalling of 18,000 - 20,000 MW to attain this determined plan of moving India to a Developed Economy status, as an Economic Global Powerhouse.

Also Read: Business Events Which Made Headlines In 2012