Long-term India bull Christopher Wood, Global Head of Equity Strategy at Jefferies, said the more he looks at India, the more convinced he is that energy remains the country’s best structural growth story from a top-down perspective. He sees the private sector build-out of electrification through the expansion of renewable energy, primarily solar, as the key driver.
In his GREED & Fear report, he said energy was also a key theme at last week's Jefferies India Forum, where Hitachi Energy India presented its outlook for the country's power demand. The company's CEO, Venu Nuguri, projected total final energy demand to rise 50% and electricity demand to double to 3,365 TWh by 2035.
