Reforms in the power sector are urgent if the country is to eliminate distortions that keep the economy below its potential.? Discuss? Electricity is critical to fulfilling the growth aspirations of a developing economy. It fuels industry, agriculture, and, consequently, consumer demand. India has made impressive strides in the power sector over the last 15 years. It is now the third-largest producer and consumer of power in the world. To mix some metaphors, with an installed capacity of 350 gigawatts (GW), India is a global powerhouse. Statistics : With an annual electricity production estimated at about 1,300 billion units, India’s power generation has been growing at approximately 6-7% a year over the last 10 years, keeping pace with real gross domestic product (GDP) growth. Installed capacity has been growing faster than GDP at nearly 11% per annum over the last decade. India has diversified sources of power, with thermal coal/gas constituting 66%, nuclear 2%, rene...