Placing Blame For India Blackout

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By Douglas A. McIntyre Published
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The most recent part of the saga of the blackout that put 600 million people in India in darkness for a day is that the central government and the states have started to fight over whose fault the trouble was. That tension probably will stall any attempt to get at the root of the infrastructure malfunction that caused the catastrophe. In the meantime, both Indian citizens and foreign companies that do business in the world’s second most populous nation can only guess when another similar event will occur and how often the problem will resurface. And there is no resolution in sight. The New York Times reports:

India’s basic power problem is that the country’s rapid development has led demand to far outstrip supply. That means power officials must manage the grid by shutting down power to small sections of the country on a rotating basis. But doing so requires quick action from government officials who are often loathe to shut off power to important constituencies.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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