26 points rbanffy 27 minutes ago 7 comments
mc32 15 minutes ago | parent
That’s quite the achievement. Though a side note of comparison I can’t believe France and Belgium suffer power losses in the 5 to 6% range. Unless I’m misunderstanding what that means, it seems excessive for a modern economy.
Gangway0829 13 minutes ago | parent
It's embarrassing that it took so long. India has been crippled by decades of socialist government overreach. Unfortunately, even the purportedly right wing BJP is unable to keep the government out of places where it doesn't belong.
leosanchez 11 minutes ago | parent
> India has been crippled by decades of socialist government overreach.
It baffles me that country still has strong anti-capitalist views. I guess lack of education does that to people.
Also, BJP is slightly right of Congress (post 1991) when it comes to economics.
mc32 9 minutes ago | parent
True it should never have gotten so bad, but when there is no incentive to invest, this is the result you can expect. This happened in Venezuela and South Africa too - though SA also suffers from massive corruption (officials pocketing moneys and diverting from investment in infra).
anarazel 9 minutes ago | parent
To me transformation efficiency and distance losses actually seem to make 5-6% pretty impressive?
leosanchez 12 minutes ago | parent
Vajpayee FTW?