Government Initiatives to Strengthen the Power Transmission & Distribution Network

Electricity is not only one of the essential contributors to the economic growth of a country but it is also directly linked to the GDP of the country. India is on the brink of becoming a major power nation among developing countries. According to recent research, the India Power & Distribution Transformer market is projected to grow at a CAGR of 3.0 percent during 2020-2026. This market is anticipated to witness continuous growth over the forecast period owing to government initiatives to augment the electrification rate and raise the operational efficiency of discom in the country. Also, there has been an increase in demand for power in India owing to factors such as an increase in capacity utilization, industrialization, urbanization, and population.

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