Here is why India and China face deepening energy crisis as the two Asian economic giants struggle to recover from the coronavirus pandemic
China and India, two of Asia’s largest economies, have been suffering from a worsening energy crunch as the global stock and bond markets wobble on worries that rising energy costs will hamper the economic recovery from the coronavirus pandemic.
Together with the skyrocketing energy prices, heavy rain and flooding devastated coal mines in north China's Shanxi province whileEnergy crisis in India The coal supplies to thermal power plants are running critically low. According to the country’s central electricity authority, almost 80 percent of power plants, which convert heat from coal to electricity, were in “The country’s Rajasthan, Jharkhand and Bihar states have been experiencing electricity cuts, up to 14 hours, in recent times.
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