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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.
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.
The Indo-Pacific countries must enhance the components of the WPS agenda in their respective countries to foster inclusive and sustainable development
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.
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.
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.
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.
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
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
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.
The Mullaperiyar dam agreement commits only the waters of the reservoir to Tamil Nadu. It does not guarantee supplies if the dam fell into disuse. So, a new agreement with commitments from Kerala for fixed supplies would be in Tamil Nadu's interest too.
Financing of infrastructure in India will remain a big problem despite the fact that the government has issued infrastructure bonds with tax incentives. Finding external finance is thus very important because the amounts required would be in billions of dollars.
As Delhi and Washington try to develop separate, special relationships with Beijing, there is a danger of misreading each other's intentions. Both India and the US want a secure Afghanistan and moderate Pakistan, but their approaches are not always in sync. An honest conversation between Joe Biden and the Indian leaders is critical at this juncture to prevent misperceptions from derailing India-US security cooperation in Asia.
The crucial factor that can help transform India-China bilateral is Modi himself. For the first time, the Chinese will interact with an Indian leader who can be politically strong in safeguarding India's sovereign interests, while at the same time being very welcoming in embracing China economically.
In 2015, the United Nations agreed to end hunger in all forms by 2030. While India has committed itself as a stakeholder in the 2030 agenda for development, its own record in reducing hunger has been less than satisfactory. Latest data from the National Family Health Survey-4 show an improvement in nutritional indicators of children under-five. However, there are huge differences across states and social groups. Nutrition should thus remain high
A dedicated fishing ministry would be able to deal with fishermen's problems holistically. India can thus begin her correctives at home, and without reference to either the neighbourhood seas or the nations that own them.
With festivals fast approaching, time may be running out on Tamil Nadu Chief Minister Jayalalithaa's self-set December deadline for her Government to host the third round of talks between fishers' representatives from the State and Sri Lanka.
In a sharply-divided grouping, India needs to turn conflicted values into shared interests.
US President Obama's top priority now is the crisis in West Asia, ISIS and Ebola, and India-US relations though, not inconsequential, is not on Washington's top priority now, according to Michael Kugelman of the Woodrow Wilson International Center for Scholars, Washington DC.
President Pervez Musharraf wrested power from Prime Minister Nawaz Sharif in a bloodless coup on October 12, 1999. In the five years since then, Pakistan has found itself increasingly enmeshed in sectarian violence, economic disaster, political collapse and diplomatic isolation.
For Modi, Nawaz Sharif's willingness to show up at the launch of his government is a political bonus. If Modi is luckier than Manmohan Singh and Atal Bihari Vajpayee, he might make some sustainable progress with Pakistan.
The new undercurrent is targeting the notion of big business itself. India is angry, and rightfully so. But is there any problem being solved by targeting large corporates for accumulating wealth? It is not solving the investment drought or the fiscal deficit. It is also not solving the critical challenge of making Indian MSMEs globally competitive, or of creating jobs for the 12 million youth entering the workforce every year.
Now a mobile App for water management? And, the rapidly dropping price of wireless consumer technology such as WiFi and Bluetooth could turn these individual nodes into a data-rich network.
The devastating floods in Pakistan have not only destroyed lives and property across the country but also seriously undermined the civilian government's reputation among the people.
