India's Power Crisis: 300 Million Live Without Electricity, Hurting Growth and Welfare
This report looks at how India's electricity system is doing and its impact on the country's growth. The researchers want to improve the power sector to help reduce poverty and support businesses. They found that power supply in India is still unreliable, with over 300 million people lacking electricity access. This affects both those without power and those experiencing frequent outages. The distribution part of the power sector, which delivers electricity to homes and businesses, is crucial for the whole system to work well. Because of problems in this area, the government has had to step in to help financially. If these issues continue, they could even harm the country's financial sector. The report suggests that fixing distribution problems should now be a top priority to make the power system more efficient and reliable.