Indian economy

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600M Without Power as India's Grid Again Fails

3 grids go down amid soaring demand on taxed system

(Newser) - India's maxed-out northern power grid went down a second day today, and this time it wasn't alone. The nation's eastern and northeastern power grids failed, too, plunging more than half of all Indians into darkness in one of the biggest blackouts the globe has seen. Some 600... More »

Rupee Hammered as Malaise Hits India

Currency hit record low Thursday, down 27% from last July

(Newser) - Economic troubles in the United States. Troubles sweeping Europe. China isn't looking so hot. And add India to the growing list of economic basket cases. The rupee hit a record low of 56.4 rupees to the US dollar on Thursday before rebounding slightly, and is down 27% against... More »

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