Category: Economy
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China’s Dilemma
Over the last few weeks the political and economic turmoil that is unfolding in China is creating quit a stir. While many books and articles have predicted an impending political and economic crisis in China, the recent events are only reinforcing this view. Probably most of the doomsday predictions may never come true. It is…
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Comparing Indian states and territories with countries
Interesting comparison of Indian states and territories with countries by GDP and Population. Economist notes the the extent of progress that still need to be made by India to become a mid-income country.
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India v China: Who grew faster in 2010
It seems that finally India grew faster than China in 2010.Surprisingly it happened without much fanfare. The reasons for this anomaly are even curious to read. Unlike most major economies that calculate GDP by expenditure method, India calculates its GDP by Factor Cost method. That means India adds up the income earned to arrive at…
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Graft in India: Rotten to the crore? – The Economist
A scathing article in Economist, Graft in India: Rotten to the crore, sums up the corruption malaise in India. As the economy grows and the income inequalities rise, corruption problem is only getting worse. It is however now new for us except that the issue is grabbing more headlines these days.
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Crisis in India’s Microcredit Sector
India’s Microcredit Sector is facing a collapse with the rural poor-encouraged by local politicians-stopped paying the loans. If the industry indeed collapses, it will be a blow to the mission to alleviate rural poverty. Access to capital is scarce in rural India as banks refuse credit without a steady income or a collateral with cleat…