Do Stable State Governments Perform Better? The Chhattisgarh Story

Highlights:*Chhattisgarh agriculture and allied growth was 7.2% while All-India growth was 3.9% *Chhattisgarh has highest percentage of people living Below Poverty Line (BPL) according to the latest Tendulkar Committee Estimates Report (2013) *The 2011 India Human Development Report of the Planning Commission of India ranks Chhattisgarh the lowest among the Indian states.   Are stable … Continued ...

5 Reasons To Be India +Ve

  Highlights *Inflation is relatively tame; credit growth is stable *Foreign trade figures are turning encouraging; FDI inflows improve *Ample rainfall augurs good   agricultural harvest   The most obvious indicator for the health of the economy – the gross domestic product (GDP) – slowed to its lowest growth in four years during the first … Continued ...

US FDI Into India, Just $557 Million Last Year

Despite the hardsell (admittedly somewhat delayed), India’s foreign direct investment (FDI), or long-term investment commitments by foreign investors, declined 36% from $35.1 billion in 2011-12 to to $22.4 billion in 2012-13.   More interestingly, FDI from America has dropped from $1.1 billion in 2011-12 to only $557 million in 2012-13. And inflows from the U.K have declined from $7.9 billion … Continued

Healthcare Major Portion Of USAID Funding To India, AIDS Funding Rises

Drawing down aid is a tricky subject, particularly when there is some concern whether developed countries should lend to fast-growth, developing countries like India.   Interestingly, its countries like Japan which arenow the biggest lenders while others like the Russian Federation, France and the U.S have been reducing their engagements with India.   The United … Continued

India’s Borrowings Are Rising & From Tougher Lenders

India’s borrowings from the global markets are increasing and the ratio of the country’s foreign exchange reserves to total foreign currency debt is declining. Would that be cause for worry, given India’s 1990s’ history of debt crisis?   The answer for now is no… because the total external debt-to-GDP ratio is still within a manageable … Continued

How Gujaratis Love Gujarat (And Other Migration Stories)

India has always witnessed a fair amount of internal migration. Over the years, the patterns have become fairly predictable, mostly rural to urban areas and from poorer, more populous states to more prosperous states.   And yet, the migration numbers can be interesting. While in absolute numbers, states like Uttar Pradesh and Bihar would potentially … Continued

Are Micro Lending Institutions Back In Business?

Are India’s microfinance institutions (MFIs) on a comeback trail? Data suggests the industry is recovering from the 2010 crisis triggered by a tough law that nearly banned the industry in the southern state of Andhra Pradesh.   The gross loan portfolio of MFIs rose 23% to Rs 21,245 crore in the year ended 31 March, … Continued

No Investment, No Growth. Simple.

India’s Prime Minister Manmohan Singh this week released a Report To The People on the achievements of the United Progressive Alliance (UPA) in the nine years that it’s been in Government.   In the report, he acknowledged the domestic slowdown but also attributed it to external factors. “India was among the fastest growing economies of … Continued

Financial Inclusion Seems To Be Working

A stated goal of financial inclusion seems to be working for the Government as well as the Reserve Bank of India.   Banking services reached 211,324 villages at the end of December 31, 2012, up from 67,694 villages in 2010 – an increase of 211%. As per Census 2011, there are 641,000 villages across the … Continued