The industrial water benchmarking study for India focuses on water usage in two key sectors: thermal power generation and iron & steel production. Thermal power generation accounts for over 70% of industrial water consumption in India. Iron and steel plants are major contributors to untreated industrial wastewater discharge. The study aims to identify challenges related to water usage and efficiency opportunities. Physical risks like water scarcity from climate changes and regulatory risks from stricter withdrawal limits are immediate concerns for these sectors. Financial risks like higher water costs could also impact profits if not addressed. Improving water productivity through technology and best practices is important to sustain industrial growth in India.