India, Jan. 25 -- The Indian power sector is poised for a massive investment boom, with the government estimating a potential USD 3.03 trillion investment opportunity across generation, grid expansion, distribution transformation and smart meter deployment to meet surging electricity demand and modernise the grid. A significant thrust of this strategy is the nationwide rollout of smart meters to replace conventional analog meters, enabling real-time usage tracking, accurate billing, and better grid management while reducing losses and improving operational efficiency.

Developers are currently adding around 4-5 GW of new power capacity every month as part of this broader expansion. These programs are aimed at enhancing financial sustaina...