The World Bank recently released a report titled ‘In the Dark: How Much Do Power Sector Distortions Cost South Asia’.
As per the report, Efficiency gap in India’s power sector costs the Indian economy 4% every year, which equivalents to $86 billion in 2016 Financial Year.
There was a shortage of 14% in India in meeting coal demand in 2016 Financial Year.
In 2016, around 20% of electricity generated was lost during transmission and distribution. This rate is the highest loss rate in the World.
India was at the 80th spot among 137 economies in the reliability of electricity supply as per the 2018 Global Competitiveness Report.