So, why the power crisis? Reasons are deeply systemic & extremely worrying. There is no doubt that supply is constrained

The power outage in northern India on two days should not be dismissed or misjudged. Analysts are jumping to the conclusion that the crisis was foretold. They blame delays caused by environment and forest clearance procedures and demand the winding-down of the regulatory framework, so that we can re-energise ourselves. Their other favourite whipping horse is “free” electricity to farmers, which is said to be crippling the state electricity boards. These explanations are naïve and mistaken. India’s power sector does need urgent reform, but first we need to know what to fix.