Despite power struggle, small towns sizzle

Small town construction activity is on a high

Short summary: Increase in power consumption and decrease in coal supply led to supply constraints. Exchange trading to become the norm due to higher share of renewables. High term plan prices may not affect buyers seeking protection. IndiaMART facilitates $20bn worth of GMV a year - and is ready to disrupt via transaction-based pricing. Small town construction activity is through the roof despite COVID.