Monday, January 2, 2012

For India, a Power Failure Looms

MUMBAI?Almost a decade ago, seeking to overcome one of the biggest challenges facing India's development, the government set an ambitious goal: electric power for all by 2012.

Instead, as the target date of March nears, the power sector is in a shambles, and its dire state threatens India's economic prospects at a time when growth is already being slowed by high inflation, a burgeoning government budget deficit and ripples from the European financial crisis.

India is the world's fifth-largest electricity producer after the U.S., China, Japan and Russia, but its per capita consumption is among the world's lowest, at 778.71 ...

MUMBAI?Almost a decade ago, seeking to overcome one of the biggest challenges facing India's development, the government set an ambitious goal: electric power for all by 2012.

Instead, as the target date of March nears, the power sector is in a shambles, and its dire state threatens India's economic prospects at a time when growth is already being slowed by high inflation, a burgeoning government budget deficit and ripples from the European financial crisis.

India is the world's fifth-largest electricity producer after the U.S., China, Japan and Russia, but its per capita consumption is among the world's lowest, at 778.71 ...

Source: http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7013/~3/CQ_IodIN-yE/SB10001424052970203550304577136283175793516.html

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