Rich-Poor Gap Widens In Urban & Rural India

  Highlights * The median monthly per capita expenditure (MPCE) increased 33% in rural areas and 34% in urban areas between 2009-10 and 2011-12. * While rural households are spending more on healthcare, urban households are spending more on transportation. * Food is accounting for lower spends in both rural and urban areas. Spending on … 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

India’s Bigger Soft Infrastructure Challenge

In the race to build infrastructure on the ground, India is restrained by lack of talent and capacity to execute the plans laid out by the Central Government under the ambitious Jawaharlal Nehru National Urban Renewal Mission (JNNURM).   JNNURM was launched in December 2005 with a total outlay of Rs 66,084 crore. Despite the promise … 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

Student Loans Jump 15 Times To Rs 48,000 Cr In 9 Years

Our higher education system rests on the pillars of accessibility, affordability and quality. We now have over 650 degree awarding institutions and over 33,000 colleges in the country. Despite this, there is a gap of quantity as well as quality.    – President Pranab Mukherjee     For a country the size of India, accessibility … 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