Indian electrical industry has registered about 19.3% growth the year 2004-05 as compared to the same period for the year 2003-04.

The well conceived APDRP programme and passing of Electricity Act 2003 have provided a ray of hope to the industry. Almost all sectors of electrical industry are indicating growth. Product like meter shows technology shift, as there is more demand for static meter than conventional electromagnetic meter.

The general buoyancy in the Indian Economy would then create a demand for electrical products through growth of general industrial and economic development. From the experiences of the past few years, it can be confidently said that the Indian industry has faced the critical challenges well and survived in the most difficult times. In current favourable market scenario today, the electrical industry can certainly look forward for growth.