It's a fatal attraction

  • 23 March 2007
  • Mint

The rapid rate of economic growth registered by the Indian economy so early in the new millennium raises aspirations that the 21st century would possibly be India's century. Sustaining a healthy rate of economic growth, however, would require substantial improvements in several sectors, one of the most important of which is energy. Over the past two decades, much of the ills that afflict India's energy supply and distribution industry have largely been submerged under the growing consumption of hydrocarbons- in a period when oil prices remained at historical lows after crashing in 1985. Full Text