India embittered some analysts as the officials informed that the country saw its growth slump to the slowest pace in a decade. The government’s measures did not work and the Asia’s third economy visibly slowed down, adding to the alarming news on the India’s economic conditions. But analysts should have got used to under-performing India as it was a normal picture of the Asian economy in the last fiscal year. However, some analysts underline that the worst is over and the better days are coming.
On Tuesday millions of people all over India had to go without power as one of the worst blackouts the world has ever seen hit the country, trapping people working in mines, stranding hundreds of railway passengers and plunging entire hospital buildings into complete darkness when power grids broke down for the second consecutive time in just two days.