Which of the following way has been chosen by the government to improve the power sector of the country?
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: Allowed the private players to enter
Continued economic development and population growth are driving the demand for energy faster than what India is producing currently. More public investment, better research and development efforts, exploration, technological innovation and use of renewable energy sources can ensure additional supply of electricity. Instead of investing in the power sector by adding to the installed capacity, the government has gone for privatization of the power sector, and particularly, distribution and allowed much higher prices for electricity that have impacted certain sectors very badly.