India runs on a power system now serving over 1.4 billion people, one of the largest and fastest-growing in the world. Under the National Electricity Plan (2023-2032), India plans to invest ₹ 9.15 lakh crore to expand transformation capacity from 1,251 to 2,342 gigavolt-amperes and inter-regional transfer capacity from 119 to 168 gigawatts by 2032. How the sector delivers on this scale, and reforms the utilities that distribute it, will shape the country’s economic future.
