Less Power Could Trip India Growth

The study says that India needs to address its coal supply and distribution issues or else power shortages could deduct as much as 0.5 % of India’s GDP growth. Touching on the same issue last month Indian Prime Minister Manmohan Singh emphasized the growth-energy linkage. ``We have set for ourselves an ambitious target of 9% annual growth in GDP in the 12th Five Year Plan (2012-17). This high rate of economic growth would require our energy consumption also to increase rapidly.’’

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