07/31/12

Permalink India blackout, on second day, leaves 600 million without power

The worst blackout in India’s history spread to more than half the country Tuesday, as an electrical grid collapse in 14 states deprived at least 600 million people of power, many for a second day. - The blackout, the largest in global history by the number of people affected, dramatically underlined the concerns industry leaders have raised for years – that the nation’s horribly inefficient power sector is dragging on the economy and could undermine its longer-term ambitions. More generally, it renewed concerns about India’s failure to invest in the infrastructure needed to support its rapidly growing economy, in sharp contrast to neighboring China. It also destroyed one myth about the country – that its entrepreneurial spirit and vibrant private sector could somehow deliver a brighter future without a dramatic improvement in the way the country is governed.

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