How many homes in India have electricity?

• As per GOI’s Saubhagya scheme, over 99.5% of India’s households are now electrified with the total electricity generated in 2022-23 was 8.87% more from 2021-22. The goal is to achieve 100% electrification by 2024.

  • Average supply across India currently is at 23.50 hours in urban areas and 22 hours in rural areas, with an aim to achieve 24X7 electric supply for all by 2024.

• Expected annual average growth of electricity demand is 6.5% between 2024-2026

  • India’s electricity demand is projected to outpace China’s by 2026, with the world’s fastest growth rate.

• Most common household appliances - Electricity consumption vs. Ownership

• What are the influences that support Atomberg’s vision?

• What are some detrimental factors for Atomberg’s vision?

<aside> 📊 Market Sizing & Penetration

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