Amidst the second wave of corona and the threat of lockdown, there have been two signs of strengthening the economy. The first is the record collection of GST in March and the second is the increase in power consumption. The GST collection record in March stood at 1 lakh 23 thousand crore, an increase of 27 per cent over last year.
At the same time, according to data from the Ministry of Power, the country’s electricity consumption rose 24.35 per cent to 123.05 billion units (BU) in March 2021, an improvement on economic activity compared to the same month a year ago. In March last year, electricity consumption was 98.95 BU.
In March, 1 lakh 23 thousand crores of GST was recorded
On the other hand, the maximum power supply of any one day in March of this year crossed 186.03 GW on March 11, compared to 170.16 GW in March 2020. The maximum power supply for most days in March 2020 exceeds 170.16 GW.
Demand may drop due to lockdown
Experts say the power consumption has returned to the Kovid pre-stage and is likely to increase in the coming months. However, he warned that local lockdowns could reduce the demand for electricity, commercial and industrial, to prevent rising cases of Kovid-19 infection.
