Economic Growth in Maharashtra and India with Particular Reference to Electricity Consumption

Abstract

Maharashtra may be regarded as one of the fast and advancing states in India leading with huge industrial growth; nonetheless, it struggles with regular power cuts and further additional problems in the power sector, thus making it an honest study for the country’s energy sector. This manuscript analyzes the electricity usage pattern and economic, financial growth in Maharashtra and comparing it with the country as electricity plays a key role in the development and its progress. The overall trend reflects larger use of electricity by the farmers for agricultural yields other than revenue and jobs generating industrial consumers mainly due to providing subsidized power to the agriculture sector. Outlining the use of electricity pattern, it reveals the relationship between economic progress and utilization of electricity in Maharashtra by the both agriculture and industries. Lastly, power demand is projected to be 1690 billion units by 2022. Policies in the future must consider total metering, minimizing subsidy, supplying superior and dependable power supply to all regions, and usage of available resources to realize sufficient, dynamic, and effective consumption of electricity and economic progress along with it.