Power for all promises big boost to economy

India Investment Journal January Edition, Policy India
The Saubhagya scheme, announced last year, can improve the lives of a quarter billion people by giving them access to 24x7 electricity. It also offers $11.5-billion worth of business opportunities for foreign and Indian companies in the power sector.

Of all the flagship schemes announced by the Narendra Modi government over the last three-and-a-half years, the Power for All initiative, to provide electricity connections to every single household in India, is, arguably, the one that can help lift living standards and improve the quality of life of millions the fastest.