indian economy

Generational Change

India finds itself in the midst of a large generational change. The old guard is making way for the new. In many places where the change has not taken place, it is imminent.

In politics, the two main national parties are the Congress and the Bhartiya Janata Party (BJP). More...

India’s Goods and Services Tax (GST) will be a game changer!

India was founded on the ideology of local self government or panchayati raj as espoused by MK Gandhi. It has a federal political structure similar to the United States and Canada. As per India’s constitution, the federal government has powers over defense, foreign affairs, railways, direct taxation, certain indirect taxation etc. mentioned in the Union List (97 items). The state governments have powers over land, law and order, certain other indirect taxation etc. mentioned in the States List (66 items). There are several other items that are on a Concurrent List (47 items) shared by both the state and the federal governments. More...

Outlook For Indian State Run Banks Beginning To Sour

Interest rates increases by the Reserve Bank of India, slowing credit growth and shrinking net interest margins are not the biggest of problems for the Indian State Run Banking Sector. The speed with which loans are going bad in an economy that continues to grow nominally at 13-14% per year are alarming. More...