I Have Never Seen India So Low: Lord Bilimoria

1:30 AM ET Wed, 1 Aug 2012

Following blackouts across the whole of India, Lord Karan Bilimoria of Chelsea, president of the UK/ India Business Council told CNBC, "In the nine years since I've been involved in leading the UK/India Business Council this is the lowest ebb I have seen India at. We've had growth rates drop to just over five percent when just a few years ago India was trying to touch ten percent growth."