With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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Bank Group ContributionMore than $1.45 billion in competitiveness projects have been sourced from the competitiveness programs through 27 projects under active implementation, almost entirely sourced from... Show More + IDA/IBRD funds. An additional 19 projects worth $1.566 billion are in the design phase. Together these 40 projects are spread worldwide: 53 percent are located in Africa, 5 percent in East Asia and the Pacific, 8 percent in Europe and Central Asia, 15 percent in Latin America or the Caribbean, 8 percent in the Middle East and North Africa, and 13 percent in South Asia. The Competitive Industries practice is also leading 56 analytical and advisory activities spread through various countries and regions: 66 percent are in Africa, 2 percent in East Asia and the Pacific, 5 percent in Europe and Central Asia, 7 percent in Latin America or the Caribbean, 11 percent in the Middle East and North Africa, 7 percent in South Asia, and 2 percent in global initiatives. The CI practice leverag Show Less -
Secondly, the study reveals considerable variation in the regional approach to low-carbon and clean energy investments, reflecting, one would presume, the techno-economic needs, realities and priorities... Show More + of each country. For example, in predominantly rural countries of Nepal and Bangladesh, the lack of grid connectivity has prompted investors to focus successfully on off-grid renewables rather than grid-connected preferential tariffs or an electricity grid code. In India, the size and diversity of the population provides opportunities to develop different renewable energy sources, while smaller countries may need to emphasize sources that are more easily tapped, such as small hydro (Nepal) or solar PV (Maldives). India also provides regulatory autonomy for different states, which can then compete to attract investors, which is not the case for most other countries.When key investors were surveyed on the relative merits of various policies, regulations, and incentives, some startling res Show Less -
March 9, 2010 - Almost ten years ago, I. C. Agarwal, an engineer-turned-entrepreneur, in New Delhi had an export order from Japan. He had no funds to complete it. He turned to the Small Industries Development... Show More + Bank of India (SIDBI) for a loan. “My first loan from SIDBI, for just Rs. 400,000 ($8,000) helped me break into the export market,” said Agarwal. Starting with such a meager sum, Agarwal now is the only Indian manufacturer from the small scale enterprise sector to supply precision auto parts to world-renowned firms such as Caterpillar in the United States, as well as to Japan, Europe, and China.Today, more than 400 people work in his company. “Quality is paramount in this global economy. The customers are constantly upgrading their technology, so we have to keep pace too,” he says, proud of his product, his workforce, as well as his strict adherence to his clients’ tight delivery schedules.Despite such success stories, several factors constrain the growth and competitiveness of ot Show Less -