India, May 8 -- India's power demand is entering a structurally stronger growth phase, supported by accelerating electrification, rising air-conditioning usage, and rapid expansion in data centre capacity. These trends are steadily increasing base electricity consumption and shifting demand toward more reliable, round-the-clock power supply across urban and industrial segments.

This evolving demand landscape is creating a favourable backdrop for Indian utilities, as higher load growth drives sustained capital investment across generation, transmission, and distribution. With Citi highlighting a multi-year capex upcycle, the sector is increasingly seen as a key beneficiary of India's digitalisation and energy transition story. Here is the...