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The social and economic profile of the participants in India's vast retail trade is complex and varied. Besides, there is ample evidence that large sections of the petty bourgeoisie (trader and shopkeepers) may not be happy with their current existence. They would not mind if global capital inflows result in the creative destruction of existing arrangements.
There has been a heated debate about opening up the retail trade sector in India to foreign direct investment (FDI). Allowing foreign investment to come in retail trading is supposed to indicate that economic reforms are on track and that like in China , Walmart, Carforre, MAKRO, 7 Eleven and many more giant retail store chains, would be seen in India.
FDA in retail is not the reform that can change the face of Indian agriculture as the problems of small farmers and their vicious cycle of poverty have to end through state action and not by big foreign retailers.
The Government's decision to bring in FDI in retail has created an uproar, but it is not surprising at all as it has not only been ill-timed but is also being clumsily handled by the political class.
Economic experts firmly believe that FDI is the need of the hour and with political will and good governance measures, it could prove to be crucial in enhancing development in the region.
Opening up retail trade should not have happened at a time when inflation is high, GDP growth rate is falling, industrial growth and exports are declining. Unfortunately, it would take a long time for the multi-brand retailers to establish their own supply chains and hence inflation is unlikely to come down in the near future.
As Delhi focuses on managing Washington's pressure to reduce oil imports from Iran and avoid the imposition of unilateral U.S. economic sanctions on India, it could easily miss the unfolding power play in the Gulf between Tehran and Riyadh.
Interstate (River) Water Disputes (ISWDs) are a continuing challenge to federal water governance in India. Rooted in constitutional, historico-geographical, and institutional ambiguities, they tend to become prolonged conflicts between the states that share river basins. This paper examines the constitutional complexities, contentious political federalism, and identity-based electoral political dynamics that fuel ISWDs. It discusses the River
Regional parties should not think of federalism merely in terms of anti-Congressism. This seems to be the tendency, with regional satraps like Mamata Banerjee and Jayalalithaa hyphenating regional concerns with their own political goals.
Initiated in 1970, the FMR experienced a resurgence in 2016, finding a place within the broader Act East Policy of New Delhi.
In Uttar Pradesh, the zamindari system may have been abolished more than six decades ago, but feudalism has stayed: The biggest feudal lord being the State itself which lords over cattle, women, the marginalised communities and minorities alike.
As the goals keep flowing, football continues to add verses to its confluences with geopolitics, identity, nationalism and globalisation. Over the years, the sport has consistently managed to hold a mirror to contemporary society.
In this age of constant disruption, organisations need to view the world as an intense 90-minute football game — dynamic, constantly-changing, unpredictable.
The First Energy Ministry of India was constituted under interesting circumstances. The former Energy Minister of India, Shri K. C. Pant delivered a talk at ORF on July 14, 2006 presenting his views on the fifty years of India's energy policy
Any Lok Pal Bill to be meaningful needs to have in-built saving mechanisms that protect the dignity not only of the individual but more so of the high offices that they hold. Otherwise, there is always the possibility of anti-corruption wars could get reduced into a national past-time.
A nation-state—with its numerous institutions, actors, and daily interactions—is a complex system and it is a tall task to predict the future trajectory of any of its sub-systems such as the armed forces. What is certain, though, is that every sovereign state aims to have a military that is of the highest possible calibre. One of two paths may be chosen to achieve this goal: tying-in the military’s capability development with the ec
The terrorist bombing of Shahbaz Qalandar shrine on 16 February is an act of infamy for which the Islamic State has claimed responsibility.
In January 2000, when I spoke about the concept of limited conventional wars under the nuclear threshold at an international seminar in New Delhi, there was considerable uproar in the media and the strategic community, particularly in Pakistan.
If the War on Terror-2.0 is to be carried out only by drones and the US/NATO Air-forces, one can be certain that the 'Islamic State' will retain control over its territory in Iraq and Syria for a long time to come.
Does Obama really intend to defeat, disrupt and dismantle the ISIS terror structure or will he simply guide them away from Iraq and Turkish borders towards Damascus.
It has transformed frustrations into a nihilistic anger. But it is not the real America.
President Barack Obama has to understand the Indian psyche before advising rapid economic reforms and realise that without adequate safety nets, open unemployment will be a scourge for India.
Defence structures around the world are seeing a technological upheaving as new and emerging technologies like artificial intelligence (AI) are being added to military arsenals. However, military AI largely lacks precision and is often developed without any threat-modelling which takes gender into account, examples of which are already being seen in civilian applications of AI. Translated into a conflict environment, deploying such AI systems cou
Indian PM Narendra Modi this week makes his maiden visit as Prime Minister to Russia, one of India's closest strategic partners. This seeming delay in travelling to Russia may surprise some, given that the Prime Minister has travelled to almost all the major powers as well as most of India's immediate neighbourhood.
Out of the 660,000 habitations in India with a population of 100 or more, only 33,000 have a commercial bank branch. That's approximately one branch for every 20 habitations.
India's self-image needed a re-boot. This rebooting of India's 1.3 billion aspirations was conducted by the Prime Minister on the 15th of August last year. He did it with characteristic simplicity, by a simple call for "Make in India". Financial inclusion is the building block for unleashing the creative capabilities of this country.
Financial inclusion is critical to achieving the economic empowerment of women—one of the targets under the fifth Sustainable Development Goal on gender equality. In India, one in every five women lack access to a bank account. Although the country’s programmes promoting financial inclusion have increased the percentage of women having access to a bank account, wide gaps remain in account use, and access to savings and credit. Women c
In many African countries—some of the most unbanked areas in the world—digital banking applications are redefining what it is to bank in economies with shallow penetration of the formal banking sector, representing an innovative force that is breaking new ground in the long-standing challenge of financial inclusion. This brief explores the emerging world of fintech in the context of Africa, outlining why financial technology applications are
Focusing on financing sustainable development, in India and elsewhere, ORF organised a conference that explored the future of global financial architecture for development and highlighted the difference between financing and implementation.
As the world confronts multiple challenges which are intricately connected, our path for development stands at a crucial juncture. In the context of the embroiling polycrisis, progress on the sustainable development goals (SDGs) has been steady but fragile with major and persistent challenges. Financing for Agenda 2030 has emerged as a major bottleneck with several developing economies, especially the least developed countries (LDCs), low-income
Climate change has emerged amongst India’s most formidable challenges to sustained GDP growth. To accelerate the implementation of the country’s commitments under the Paris Agreement and advance its progress towards the Sustainable Development Goals, finance is key. India needs to develop a comprehensive strategy and an integrated policy approach that aligns the country’s financial systems with the long-term needs of the economy while incor
India’s target of achieving 175 GW of renewable energy capacity by 2022 might appear ambitious, but it is crucial as it will have a positive impact on the country’s economic growth, energy security and the fight against climate change. Financing is emerging as the key challenge to this vision, slowing down the pace of growth; as of December 2019, over 50 percent of the 2022 target is yet to be achieved. This brief outlines India’s existing
The BRICS countries (Brazil, Russia, India, China, and South Africa) have all declared their commitment to climate action and the implementation of the Agenda 2030 Sustainable Development Goals. This brief makes a case for BRICS, as a forum, to build a strategy for financing regenerative agriculture; key should be the creation of a joint fund. If implemented correctly, the brief argues, such a strategy of giving back to the land, instead of merel
Observer Research Foundation, in collaboration with BRIDGE TO INDIA and Solar Energy Society of India, organized a round-table discussion on "Financing the Solar Projects under JNNSM" on 9th Aug, 2011.
The existence of an embedded financial network of militant organisations in Bangladesh will seriously undermine the global effort to neutralise global terrorist networks entrenched in the region.
