Rahul Mehta Gandhinagar LsCandidate
Heard of jobless growth. Ever heard of "electricity less growth"?
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electricity generation numbers ( million units , Giga Watt Hours, 1 unit is consumed when a fan runs some 15 hours)
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july-2013 --- 80482
july-2014 --- 89499 (about 11% higher than prev year)
july-2015 --- 92880 (about 4% higher than prev year)
july-2016 --- 94590 (about 3% higher than prev year)
july-2017 --- 97912 (about 4% higher than prev year)
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So electricity consumption growth rate 4% in past 3 years !!
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And growth rate is 7% !!!
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The growth rate of 4% in electricity shows that economy is slowing.
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If production is rising, electricity generation has to increase (except in advanced economies where housefold consumptionis very high, and big part of economy is intellectual propery).
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So we have a serious slowdown
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And lets see if GST makes things better or worse
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check for data yourself
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http://cea.nic.in/reports/monthly/generation/2014/July/tentative/opm_01.pdf
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http://cea.nic.in/reports/monthly/generation/2015/July/tentative/opm_01.pdf
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http://cea.nic.in/reports/monthly/generation/2016/July/tentative/opm_01.pdf
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http://cea.nic.in/reports/monthly/generation/2017/July/tentative/opm_01.pdf
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