Enhancing Global Competitiveness by Reforming Power Sector - A Case Study of India

Abstract

The imperative of globalization has necessitated the nation’s world over to grid up their loins to become globally competitive. In a scenario where the entire world is shrinking into a global village, all the economies whether developed or developing need to fortify themselves. This fortification is sinequanon for the very survival of economies in a fiercely competitive ambience which is the offshoot of globalization. Globalisation demands vibrant economies that perpetually strengthen themselves by remaining competitive and bring drastic changes in their economies as a substitute for archaic provisions that emaciate the competitive strength of an economy.