Indian economy is shining and its GDP is growing very fast. In fact, India is now just a little behind of China in terms of GDP growth and we all marvel at Indian success. However, India is now suffering from power deficit and it seems that power deficit is surpassing GDP growth. Indian GDP growth is nearly 8% and Indian government is trying very hard to make it 10%. On the other hand, now India is witnessing 12.8% power deficit during the peak hour. I am quoting from a report of Forbes.com:
"India is suffering from an unprecedented 12.8 pct peak time power deficit, Power Minister Sushil Kumar Shinde said.
'There has been overall shortage of power in the country and the average ... peak (time) shortage during April-July was ... 12.8 percent,' Shinde told parliament on Friday.
The minister put the national generation capacity at 125,000 megawatts (MW) daily through 464 power stations and renewable energy sources, but said another 7,115 MW is being commissioned during the financial year which began April 1.
India's peak load in the current fiscal year is estimated at 115,705 MW but officials say up to 30 pct of the power is stolen through illegal connections or lost due to ageing transmission grids."
So, power deficit is becoming a major cause of concern for Indian economy. I think that Indian government should be more serious about electricity crisis than GDP growth because to sustain economic growth supply of power if a pre-requisite.
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