The Bihar Growth Story & What’s Missing

Bihar has been reporting astounding economic growth numbers, 13.1% at last count. More pertinently, there is a palpable sense of change and optimism about the future. But where has this growth come from? Does Bihar really beat the other big states now? More importantly, what has economic growth delivered for Bihar?   To try and … Continued

J&K, Maharashtra, Project Delay Culprits; Delhi, Goa Score

Jammu & Kashmir, Maharashtra lead the list of states where some 190 out of 555 Central projects with investment outlays of over Rs 150 crore have reported cost overruns of Rs 1,30,089 crore or 60.3%   The sectors which are the main culprits for these overruns are Railways, Power, Petroleum and Roads Transport and Highways. … Continued

Meet India’s Chronic Over Spenders

It’s not exactly breaking news but a closer look at how various Indian states are managing their budgets is insightful.   IndiaSpend’s Dhritiman Gupta finds that many Indian states spend more than what they earn, hence consistently running deficits on the revenue account, which then have to be financed by loans.   The states can … Continued

India’s 10 Most Indebted States

Debt is not bad. Many firms raise large chunks of it in their growth and expansion phases. Some ease out of it with time. Others struggle. But while the stakeholders – banks, financial markets and shareholders – can technically put pressure on a firm to course-correct, it’s not the same or as simple with the … Continued

Yadav’s Rs 2,40,000 Crore Mountain Of Debt & Promises Of Freebies

Uttar Pradesh’s incoming Chief Minister, Akhilesh Yadav of the Samajwadi Party, rode in on the youthfulness of his demeanour and the attractiveness of his giveaways.   Mr Yadav, son of four-time Chief Minister Mulayam Singh Yadav, promised a slew of goodies ranging from unemployment allowance and loan waivers to free electricity, free laptops and tablet … Continued

UP’s Poor Paid For Free Aid

India’s Central Bureau of Investigation (CBI) is investigating a series of scams totalling Rs 10,000 crore in Uttar Pradesh around the use of funds meant for the National Rural Health Mission (NRHM) launched in 2005. SPR Foundation’s  Sourjya Bhowmick  looks at the implementation of the programme in the state over the last 5 years and finds … Continued