It is argued in this short note that a tradeoff is involved here between shortand long term economic growth. Underpricing of electricity for economic growth provides short term economic growth but hits at long term economic growth.
Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/will-meeting-electricity-shortages-lead-economic-development
[2] http://admin.indiaenvironmentportal.org.in/category/author/bharat-jhunjhunwala
[3] http://admin.indiaenvironmentportal.org.in/category/journal/dams-rivers-people
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/dams-irrigation
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/dams
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/hydroelectricity
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/electricity
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economic-development