New Delhi, May 9 -- India's power sector is positioned for a sustained growth trajectory with a medium-term forecast set at a 5-6 per cent CAGR, supported by the convergence of electrification, data centres, cooling loads, and manufacturing sectors. According to a Citi Research report, the country is currently witnessing its first-ever multi-vector capital expenditure upcycle that spans thermal, renewables, transmission, and grid storage.

"Our medium-term forecast is set at a 5-6% CAGR on the strength of electrification, data centres, cooling load, and policy-supported manufacturing sectors," the report stated.

The Citi report highlighted that this investment phase remains a visible, multi-year story as the breadth of power demand conti...