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Power tells the truth

The fall in the energy demand underscores the distress in the economy.

One reply on “Power tells the truth”

Part of that can be explained to longer monsoon and early onset of winter (remember chill during Diwali days), but, still 12% fall on country-wise basis and 17% and 15% fall in Western and Southern regions is definitely disturbing and indicates worst fears of slow down in the economy. And a further lead indicator is IIP numbers which are way in the negative zones for 2/3 months. And that it will reflect in the falling GDP numbers also even for the third quarter unless there is a very sharp recovery in Nov and Dec 2019.

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