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India power sector eyes 6 percent CAGR as first multi vector capex upcycle takes hold
Economy
Published on 9 May 2026
Thermal, renewables and storage all surge together
India’s power sector is set for sustained growth, with Citi projecting a 5–6% CAGR in the medium term. The bullish outlook is driven by electrification demand and rising load from data centers and cooling, alongside manufacturing expansion. Citi flags the start of India’s first multi-vector capex upcycle covering thermal, renewables, transmission and grid storage.
- Citi forecasts 5–6% medium-term power sector CAGR
- Demand pull from electrification, data centers and cooling loads
- First-ever multi-vector capex upcycle spans multiple segments
- Investments include thermal, renewables, transmission and grid storage
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times