Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘India’

The missing 235m: Why India needs women to work

Posted by hkarner - 7. Juli 2018

Date: 05-07-2018
Source: The Economist

Were India to rebalance its workforce, the world’s biggest democracy would be 27% richer

LAKSHMI, the goddess of wealth and fortune, is the closest thing Hinduism has to an economic deity. How poorly her earthly sisters in present-day India are faring. There, women are less likely to work than they are in any country in the G20, except for Saudi Arabia. They contribute one-sixth of economic output, among the lowest shares in the world and half the global average. The unrealised contribution of women is one reason India remains so poor.

Yet far from joining the labour force, women have been falling away at an alarming pace. The female employment rate in India, counting both the formal and informal economy, has tumbled from an already-low 35% in 2005 to just 26% now. In that time the economy has more than doubled in size and the number of working-age women has grown by a quarter, to 470m. Yet nearly 10m fewer women are in jobs. A rise in female employment rates to the male level would provide India with an extra 235m workers, more than the EU has of either gender, and more than enough to fill all the factories in the rest of Asia. Den Rest des Beitrags lesen »

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Chugging along: India’s economy is back on track. Can it pick up speed?

Posted by hkarner - 30. März 2018

Date: 28-03-2018
Source: The Economist

Narendra Modi needs to pass further reforms if India is to fulfil its potential

IT IS easy to be awed by the Indian railway network. The 23m passengers it carries daily travel, in total, over ten times the distance to the sun and back. It is just as easy to find it unimpressive. Delays are frequent and trains antiquated. It takes 14 hours to get from India’s capital, Delhi, to its commercial hub, Mumbai. The equivalent trip in China—from Beijing to Shanghai, a similar distance—takes just over four hours.

Similarly, India’s economy can be seen in two lights. Its long-term growth rate of 7% a year has proved far more dependable than the rail timetable. GDP has doubled twice in the past two decades. Yet deep poverty still lingers and jobs are scarce. And Indian growth has been left in the dust by the Chinese express (see chart). Den Rest des Beitrags lesen »

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In Defense of Democracy

Posted by hkarner - 31. Januar 2018

Chris Patten, the last British governor of Hong Kong and a former EU commissioner for external affairs, is Chancellor of the University of Oxford.

Democracies have had a bad few years, but that is no reason to tout the virtues of dictatorships and authoritarianism. History shows that, when it comes to prosperity and human wellbeing, societies that defend economic and political freedom come out on top.

SYDNEY – Imagine that you, like me, are a typical product of Western liberal democracy, and are invited to give a lecture to a group of Chinese students in Beijing or Shanghai on its benefits. Ignoring the fact that, in reality, the Chinese government would never allow such a lecture, ask yourself: What would you say?

First and foremost, it would be advisable to acknowledge that you do not speak from a position of moral superiority. Western civilization in the first half of the twentieth century was not very civilized. Human rights were trampled. Class war destroyed entire political systems. There were large-scale violent conflicts and much ethnic cleansing. Given this history, Westerners are in no position to lecture on civil liberties or humane values.

It is also worth noting that the global march toward democracy, which seemed nearly inexorable after the fall of the Berlin Wall, now seems to be reversing. According to Stanford University’s Larry Diamond, several countries that were democracies at the beginning of this century have since shifted to different systems. Den Rest des Beitrags lesen »

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India’s Urban Awakening

Posted by hkarner - 20. Januar 2018

Ejaz Ghani

Ejaz Ghani is Lead Economist at The World Bank.

Urbanization advances economic development, but it also poses major challenges, from managing congestion and pollution to ensuring that growth is inclusive and equitable. India has the tools it needs to overcome these challenges, and can do so if its leaders must use them wisely.

WASHINGTON, DC – When the United Kingdom became the first country in the world to undergo large-scale urbanization in the nineteenth and early twentieth centuries, the process transformed its economy and society. Today, India is facing a similar transformation, only it is happening at 100 time the pace. By 2030, India’s urban population will reach 600 million people, twice the size of America’s.

For India, rapid urbanization is particularly vital to enable the country to take full advantage of the demographic dividend afforded by its young population. With 12 million more people joining the country’s labor force every year, the potential of that dividend is huge. As the urbanization process continues, connectivity, proximity, and diversity will accelerate knowledge diffusion, spark further innovation, and enhance productivity and employment growth. Den Rest des Beitrags lesen »

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India has a hole where its middle class should be

Posted by hkarner - 13. Januar 2018

Date: 11-01-2018
Source: The Economist

That should worry both government and companies

AFTER China, where next? Over the past two decades, the world’s most populous country has become the market qua non of just about every global company seeking growth. As its economy slows, businesses are looking for the next set of consumers to keep the tills ringing.

To many, India feels like the heir apparent. Its population will soon overtake its Asian rival’s. It occasionally grows at the kind of pace that propelled China to the status of economic superpower. And its middle class is thought by many to be in the early stages of the journey to prosperity that created hundreds of millions of Chinese consumers. Exuberant management consultants speak of a 300m-400m horde of potential frapuccino-sippers, Fiesta-drivers and globe-trotters. Rare is the chief executive who, upon visiting India, does not proclaim it as central to his or her plans. Some of that may be a diplomatic dose of flattery; much of it, from firms such as IKEA, SoftBank, Amazon and Starbucks, is sincerely meant. Den Rest des Beitrags lesen »

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India Warily Eyes AI

Posted by hkarner - 25. Oktober 2017

Date: 24-10-2017
Source: Technology Review by Samanth Subramanian

Technology outsourcing has been India’s only reliable job creator in the past 30 years. Now artificial intelligence threatens to wipe out those gains.

Two days after K.S. Sunil Kumar received a promotion, Human Resources phoned him up and asked him to resign.

This happened in April, just as Kumar was beginning his ninth year at Tech Mahindra, one of the giants in India’s IT services industry. He worked in engineering services, where he designed components and tools for aerospace firms in North America and Europe. They’d send over specs—the materials available to construct a hinge, and the kind of load it had to bear, and the cost at which it had to be manufactured—and he mocked up options with the help of software. He was a foot soldier in the army of Indian engineers to whom work is outsourced from the West, so that it can be finished at a fraction of the expense. Sometimes he left his base, Tech Mahindra’s Bangalore campus, to serve stints at clients’ offices abroad: in Montreal, Belfast, or Stockholm. Den Rest des Beitrags lesen »

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Making money in the subcontinent

Posted by hkarner - 28. August 2017

Date: 27-08-2017
Source: The Economist

Big firms in India face new competition

As it gets easier to do business, it will get harder to earn huge profits

IF YOU run a big firm in India you must straddle different worlds. The country’s leading bosses can wax lyrical about artificial intelligence and debate returns on capital with foreign fund managers. But they have also mastered India’s poor infrastructure and huge informal economy. Shiny campuses sit beside open sewers. Millions of customers can be reached only by dirt tracks. Suppliers and distributors often operate in the shadows. In a typical month an Indian boss might have wheatgrass shots in Silicon Valley, slug bootlegged single malt with a local politician and sip masala chai from clay cups with villagers.

India’s gross domestic product (GDP) is the world’s seventh-largest and its stockmarket the ninth-biggest, but the country is like no other major economy. The informal sector accounts for about 50% of output, 80-90% of jobs and at least 90% of firms. Red tape and bad roads mean the country comes 130th in the World Bank’s ease-of-doing-business rankings. Den Rest des Beitrags lesen »

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India’s Population: Becoming Number One

Posted by hkarner - 13. August 2017

Date: 11-08-2017
Source: http://yaleglobal.yale.edu

India is poised to be the world’s most populous country for most of the 21st century, and preparation is required

Demographic rise: India’s rising population will need sustenance from expanded IT and other skilled workers; the country must contend with a preponderance of male children

NEW YORK: By 2024, India will slip past China to become the most populous country and must rapidly prepare for a fast-changing economy.

India will likely hold that rank throughout the 21st century. Its population is 1.34 billion, nearly a fourfold increase since independence 70 years ago. China’s population, at 1.41 billion, roughly doubled over the same period. The pace of India’s population growth, now at 15 million per year, is the world’s largest. The two nations alone have more than a billion people, and their population gap is projected to widen to 500 million by 2100. By comparison, the third and fourth most populous countries in 2100, Nigeria and the United States, are projected to have populations of nearly 800 million and 450 million, respectively. Den Rest des Beitrags lesen »

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Protectionism Will Not Protect Jobs Anywhere

Posted by hkarner - 3. August 2017

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The Changing Face of Work in India

Posted by hkarner - 18. Juli 2017

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