-The Hindu Organised retail involving FDI and international players can lead to a shrinking of traditional small merchant trade. That is bad news for political parties and governments. When discontent among traders brews, they act. A. Srivathsan looks at how Japan, Indonesia and Thailand responded, using zoning laws and size regulation as a control mechanism. Look East to find out what happens when foreign retailers set up shop. Asia’s recent economic history...
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Indian Internet economy all set to explode: study -Shalini Singh
-The Hindu Internet’s contribution to GDP will grow from $30 billion to $100 billion by 2015 The Internet has established its role as a powerful economic force multiplier with a new study projecting that its contribution to India’s GDP will explode to $100 billion (Rs. 5 lakh crore) by 2015 from $30 billion (Rs.1.5 lakh crore) at present. The study on the “Impact of Internet on the Indian Economy” by McKinsey, which is...
More »Internet governance needs consensus, says Sibal -Shalini Singh
-The Hindu While the Internet growth story in India seems promising, individual users are yet to play their rightful role. Individual consumption is placed at 29 per cent — much lower than the international figure of 45 per cent, which means the Internet economy in India continues to be driven by large companies. By 2015, the Internet sector is projected to become bigger than the education sector, and equal to the...
More »Large gains in life expectancy indicate inclusive impact of economic reforms
-The Times of India Average life expectancy in India jumped up by 4.6 years in the decade up to 2008, according to the latest data released by the Registrar General of India. Since this was also the period when economic reforms had the maximum impact, it gives the lie to an idea that's pervasive in the political domain - that reforms benefited only a tiny elite, leaving the rest of India's...
More »Petrol price may be cut by Rs 1.6 a litre
-PTI Petrol price may be cut by about Rs 1.60 per litre later this month as appreciation of rupee against the US dollar has helped state firms make profit on the fuel. Indian rupee appreciated to five-month high since the government announced allowing foreign direct Investment (FDI) in multi-brand retailing. This has eased the cost of imports for oil firms, helping them make profit on sale of petrol. "Yes, there is about...
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