In most things, No. Powdered sugar has cornstarch in it and has much less sweetening for the same amount.
Clarification:
Powdered (confectioners) sugar has only a minimal amount of cornstarch, which really doesn't affect the sweetness. The cornstarch is added to prevent the powdered sugar from lumping.
But, as the answer above states, it usually cannot be used as a substitute for granulated sugar since it can result in the recipe not turning out as well.
You can substitute regular granulated sugar for confectioners sugar in a recipe by grinding it into a finer powder.
Confectioners sugar (also called Powdered sugar) differs from "regular sugar" (Granulated sugar) in two ways. Confectioners sugar it's milled to a much finer grain and, and it has cornstarch in it to prevent caking. If you run of of Granulated sugar, you can substitute with Confectioners sugar. Multiply the amount of granulated sugar needed by 1.75. It takes 1 3/4 cup of powdered sugar to substitute for 1 cup of granulated sugar.
Confectioner's Sugar (powdered sugar) has a completely different consistency and quality than granulated sugar. You cannot substitute one for the other.
Cornstarch is added to confectioners (powdered) sugar to prevent the sugar from lumping, so the amount is quite minimal. And adding cornstarch to granulated sugar isn't what makes it confectioners sugar. Confectioners sugar is much finer and softer than granulated sugar, it has a texture much like that of cornstarch. So you would have to be able to grind granulated sugar into a very fine powder in order to make it like confectioners sugar.
Yes, you can substitute confectioners' sugar for powdered sugar in this recipe.
Sucrose
The main distinguishing feature of confectioners' sugar is that its a very fine powder (while regular sugar is often in powder form, it is more granular, hence the name granulated). This helps the confectioners' sugar dissolve faster, which may aid in some applications.
Granulated sugar shouldn't be used as a substitute where powdered sugar is specified in a recipe; granulated sugar will be too coarse.
Yes, you can use caster sugar instead of granulated sugar. However, be careful on the measurements. Use a little less caster sugar. Caster sugar is finer granulated sugar. It is not as fine as powdered sugar, but it is in between granulated and powder. Caster sugar dissolves more easily,so it is very beneficial in making meringues.
A good substitute for Jaggery is Palm Sugar apart from the normal granulated sugar you get in the market.
A suitable substitute for rock sugar in a recipe is regular granulated sugar or brown sugar.
Granulated sugar shouldn't be used as a substitute where caster sugar is specified in a recipe; granulated sugar will be too coarse.