Power Sector: A Crucial Facet for Infrastructure Development in India

Power is a critical infrastructure for the growth of Indian economy. The power sector is high on India's priority as it offers tremendous potential for investing companies based on the sheer size of the market and the returns available on investment capital. The power sector in India is projected to grow rapidly over the next two decades and to be increasingly open to private sector participation, both domestic and foreign. It is well accepted in Indian and international policy circles that bottlenecks in infrastructure in most subsectors –electric power, roads, ports, airports and sanitation, with the possible exception of telecommunications, are acting as a serious impediment to rapid and sustained economic growth in India. Electricity supply at globally competitive rates would also make economic activity in the country competitive in the globalized environment.