Powering India

While India remains a power-deficit country where load shedding is a part of life, it could be expected that the private sector could be queuing up to generate power. India’s power sector, therefore, can be compared with a plant whose growth has been stunted. Private sector participation in the power sector is left wanting.

Electricity, being a prime mover of the economy, needs to grow rapidly to overcome peaking shortage of 12% and overall energy shortage of 8% in the country. On this, Kotak of Asian Market Securities cautions, “If India wants to achieve its goal of 8% GDP, it needs to fast-track all its power projects to augment capacity generation.”
Financial Express