Electricity woes short circuit growth in India

The Financial Times reports India is expected on Friday to report 5% growth for 2012-2013, its worst in a decade.

Read: Market access a key concern for EM investors: Russell

“Of all the problems blamed for the slowdown over the past two years – recession in Europe, lack of skills in India, burdensome labour laws, port congestion, corruption and bureaucracy – the electricity shortage is now regarded by government and business alike as among the most serious,” the report explains.

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