arvind subramanian, let me start with you. india is accustomed to smaller blackouts but this is of a different magnitude. >> this was an entirely different magnitude. 700 million people but in some ways the real tragedy, judy, of this is the fact that had highlights the fact that india's chronically short of power. that's been a problem for 10, 20, 30, 40 years. i'm hoping that this will shed the spotlight on that bigger and more persistent problem. >> woodruff: chronically short of power. is is that what's behind this? >> i think that's true. behind that is the fact that india like china shifting from a state-directed system of economy to one where enterprise operates on its own. both countries are in a state of transition. countries have set up weird capitalist market system operating. india is moving in that direction. they're in the transitional period where it's neither a market system that functions in response to demands nor directed system which is compelling things to happen. that's true in china but not in india. whe