BY ERIC YEP
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 ...
BY ERIC YEP
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 ...
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