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Talk of a bad bank in India
This article in the Economist says the bad loans in the financial system threaten to derail India's rapid growth. It points out that about 17 percent of all loans are estimated to be non-performing. Government plans to set up a bad bank and have bad loans transferred at steep discounted rate to the bad bank are still at an early stage. India weathered the 2008 financial crisis with a financial system in better shape. Since then a surge in lending has led to an increase in the bad loans. Today both banks and corporate firms are facing this problem. The political system and dysfunctional governance with frequent changes for management at state controlled banks are part of the problem.
Bad loans at India's banks and corporate firms- risks to growth ahead in 2017
03/07/2017
Grouped Articles
The Economist 03/07/2017
India’s Bad Debt Is Looking Better to Investors
The New York Times 05/29/2017
The Times of India 03/02/2018
India’s wilful defaulters owe more than Rs 1 lakh crore to banks - Times of India ►
The Times of India 03/02/2018
Bad loans at India's banks in 2014-2016
08/17/2015
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What Could Raising Taxes on the 1% Do? Surprising Amounts
New York Times 10/16/2015
After Disappointing Results, Yahoo Promises More Focused Strategy
New York Times 10/20/2015
Wall Street Journal 01/15/2016
Target Hires Executive to Lead Supply Revamping
Wall Street Journal 03/01/2016
Gap Sales Slide; Company Looks to Streamline
Wall Street Journal 05/13/2016
State Bank of India management
12/31/2011
Grouped Articles
India's Slowing Growth Will Test Banks' Resilience
Wall Street Journal 12/31/2011
The Economist 03/07/2017
Nonperforming bad loans at India's banks in 2012-2014
03/15/2012
Grouped Articles
India Loan Woes Go From Bad to Worse
Wall Street Journal 08/16/2013
Bad Loans at State-Run Banks Add to Indiaâs Woes
New York Times 03/15/2012
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Wall Street Journal 08/17/2015
The Economist 03/07/2017
India’s Bad Debt Is Looking Better to Investors
The New York Times 05/29/2017
The Times of India 03/02/2018
Infrastructure needs in India, Indonesia, East Asia and the need for innovative financing methods 2013-2015
02/21/2010
This is high on the agenda at the G-20 meeting in Moscow in Feb 2013. India which has an estimated $191 billion in infrastructure needs annually, according to the World Bank, is pushing for this. Lower than potential growth in India of around 5% for the fiscal year ending in 2013 is a problem for the global economy, as this hurts both developed country exports and holds up growth by not freeing up bottlenecks in transportation and electricity infrastructure.
Grouped Articles
World Bank, in a changed economy, pushes focus to building a middle class - The Washington Post
Washington Post 04/18/2013
Angry young Indians: What a waste
Economist 05/16/2013
Untested Jakarta Governor Attracts a National Following
Wall Street Journal 05/16/2013
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Economist 06/27/2013
Abe Win Is Good for the Neighbors
Wall Street Journal 07/22/2013
Impact of demonetisation and cash crunch on the Indian economy in 2017
02/16/2017
Grouped Articles
India’s Forecast for Economic Growth Set to Show Impact of Cash Crunch
WSJ 01/06/2017
The Cash Transfusion Critical to Curing India’s Anemic Economy – The Numbers
WSJ 02/13/2017
How India’s Taxman Is Using Cash-Crackdown Deposit Deluge to Ensnare Evaders
WSJ 02/08/2017
The Economist 03/07/2017
I feel very satisfied with what we have been able to do: Arvind Panagariya
The Hindu 08/08/2017
Demonetisation: the great reset, a year later
The Hindu 11/08/2017
Assessments of economic progress in the next decade for India.
02/16/2006
Assessments by Martin Feldstein and others of where India's is in its new trajectory and how things are likely to unfold in the next decade in its development.
Grouped Articles
Anti-corruption protests in India: No modern-day Mahatma
Economist 08/27/2011
Indian Markets Battered by Signs of End to Easy Money
Wall Street Journal 08/17/2013
India Tackles Fear of a Market Crisis
Wall Street Journal 08/19/2013
A Summer of Troubles Saps Indiaâs Sense of Confidence
New York Times 08/18/2013
âAn Uncertain Glory,â by Jean Drèze and Amartya Sen
New York Times 09/06/2013
How Emerging Markets Can Get Their Mojo Back
Wall Street Journal 09/12/2013
Views of India's business leaders on a new Modi administration in India
05/17/2014
About $100 billion in new infrastructure and other projects were stalled in the last years of the Congress party government, according to the Centre for Monitoring the Indian Economy.
Grouped Articles
Business Executives in India Ready to Welcome Modi Administration
Wall Street Journal 05/17/2014
India's Next Leader Inherits a Weak Wind
Wall Street Journal 05/17/2014
Tata Consultancy Services CEO Welcomes Narendra Modi Election
Wall Street Journal 05/19/2014
Wall Street Journal 05/17/2014
Indians Temper Expectations for Prime Minister Modi's Agenda
Wall Street Journal 07/07/2014
India Unveils Budget to Lift Economic Growth
New York Times 07/10/2014
India's banks in 2010-2012
12/21/2010
Grouped Articles
Some Questions for Indian Banks
Wall Street Journal 12/21/2010
A Spoonful of India for Foreign Banks
Wall Street Journal 01/25/2011
RBI Still Toddling on Its Tightening Path
Wall Street Journal 03/18/2011
India Weighs Wider Door for Foreign Banks
Wall Street Journal 05/26/2011
Indian banks: The pendulum swings again
Economist 06/11/2011
How HDFC Bank Is Triumphing in India
BusinessWeek 12/08/2011
Stress tests of India's banks in 2010-2012
06/11/2011
Grouped Articles
India Loan Woes Go From Bad to Worse
Wall Street Journal 08/16/2013
Bad Loans at State-Run Banks Add to Indiaâs Woes
New York Times 03/15/2012
India's Slowing Growth Will Test Banks' Resilience
Wall Street Journal 12/31/2011
Indian banks: The pendulum swings again
Economist 06/11/2011
The Economist 03/07/2017
India's banks in 2012-2014
03/15/2012
Grouped Articles
India Loan Woes Go From Bad to Worse
Wall Street Journal 08/16/2013
Bad Loans at State-Run Banks Add to Indiaâs Woes
New York Times 03/15/2012
The Economist 03/07/2017
Bad debt at India's state owned banks- 2010-2014
06/11/2011
Grouped Articles
Bad Loans at State-Run Banks Add to Indiaâs Woes
New York Times 03/15/2012
Wall Street Journal 04/26/2012
Indian banks: The pendulum swings again
Economist 06/11/2011
The Economist 03/07/2017
The Times of India 03/02/2018
Times of India Blog 05/30/2018
India's economy in 2010-2015
06/25/2010
Grouped Articles
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Indian Markets Battered by Signs of End to Easy Money
Wall Street Journal 08/17/2013
India Tackles Fear of a Market Crisis
Wall Street Journal 08/19/2013
A Summer of Troubles Saps Indiaâs Sense of Confidence
New York Times 08/18/2013
Mom-and-Pop Investors Bolt Emerging Markets
Wall Street Journal 08/22/2013
How Emerging Markets Can Get Their Mojo Back
Wall Street Journal 09/12/2013
India's economy under the Narendra Modi administration in 2014-2018
05/17/2014
Grouped Articles
India Stocks Rise on Election Results
Wall Street Journal 05/17/2014
India's Next Leader Inherits a Weak Wind
Wall Street Journal 05/17/2014
Tata Consultancy Services CEO Welcomes Narendra Modi Election
Wall Street Journal 05/19/2014
Wall Street Journal 05/17/2014
Modi, India’s Next Prime Minister, Adopts a New Tone
New York Times 05/20/2014
Competing Visions for Russia’s Economic Future
New York Times 05/22/2014
India's new GST, Goods and Services Tax, replacing a patchwork of 15 state based taxes- expected to increase economic growth by 0.5%-2% a year
08/04/2016
The new GST tax is on the agenda since 2011, as it is a major hindrance for moving goods across India's state boundaries. Each state has its own tax policy and regulations- a big headache for businesses. The Modi government faces a challenge in setting the rate for GST at a level that does not spark inflation, helps job growth and manufacturing. It is a big win not just for the Modi government but for India, even though it took so long to pass the legislation.
Grouped Articles
In a Victory for Modi, India Overhauls Its Tangled Tax System
The New York Times 08/03/2016
The Economist 08/06/2016
The Economist 03/07/2017
Study India’s GST implementation, Modi tells US business schools
http://www.hindustantimes.com/ 06/26/2017
India GST: Sweeping tax reform introduced - BBC News
BBC News 06/30/2017
Big firms in India face new competition
The Economist 08/26/2017
Will India lose its demographic dividend as growth slows down?
02/21/2010
The large increase in working age population offers India an opportunity to increase economc growth as large numbers of jobs are expected to migrate from China to lower wage counries. The Economist says the risks are growing as India's growth slows because of a shortage of capital for investments in infrastructure and development, failure of policies to promote growth, and weak governance.
Grouped Articles
Angry young Indians: What a waste
Economist 05/16/2013
India’s demographic challenge: Wasting time
Economist 05/16/2013
Anti-corruption protests in India: No modern-day Mahatma
Economist 08/27/2011
India and China Play Down Border Tensions
Wall Street Journal 05/21/2013
Economist 06/27/2013
Washington Post 10/18/2011
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