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What Women Can Bring to the Asian Century

Isabel Guerrero's picture

Today we celebrate International Women’s day. Like every year, hundreds of events will happen worldwide to highlight the importance of rebalancing the global gender equality and integrating women in economic, development and peace processes. We will probably read or hear the phrase “women’s empowerment” many times, but tomorrow, people will refocus naturally on other day to day issues, as there is still concern about the effects of the financial crises, its impact on people’s pockets and the lack of employment for new generations.

It is true that South Asia navigated the financial crisis better than most regions and that over the last two decades it has experienced a long period of robust economic growth, averaging 6 percent a year. The idea that the world has entered the Asian Century is now becoming a reality and some countries in the region are working hard to become global leaders and getting ready to give the world economy a big boost. But if South Asia wants this boom to happen, the region needs to go far beyond today’s celebration to bring women on board now: women are a key force to shape the region’s future.

Global Youth Conference 2012: Addressing Youth Unemployment in South Asia

Kalpana Kochhar's picture

I’ve just concluded a discussion on addressing youth unemployment around the world with experts at the Global Youth Conference currently happening and wanted to hear your thought as well as share some of my own on South Asia. Indeed, South Asia has grown rapidly and has created more and mostly better jobs. The region created 800,000 new jobs per month in the last ten years boosting economic growth and reducing poverty. Arrive in any South Asian metropolis and you’re often hit by the richness of activity throughout its busy streets.

The region’s coming demographic transition of more young people entering the work force is expected to contribute nearly 40 percent of the growth in the world’s working age (15—64) population over the next several decades. However, youth in South Asia still face many challenges during their transition to adulthood including malnutrition, gender inequality and lack of access to quality education. More working age people with less children and elderly dependants to support will either become an asset for the region to continue growing or a curse depending on the enabling environment for the creation of productive jobs.

More Foreign Direct Investment in Retail for India?

Bingjie Hu's picture

Recently, India has seen a heated debate on the entry of foreign direct investment (FDI) in the country’s $400 billion retail market. In November 2011, the government proposed a policy change to open up the country’s multi-brand retail segment -- for retailers such as Wal-Mart and Carrefour. Foreign investors were to be allowed to own up to 51 percent of a multi-brand retailer if they invested at least $100 mn, with half spent on infrastructure development in India. Within weeks of the announcement, the government suspended the decision amid protests from opposition parties and small shopkeepers citing concerns over large scale job losses, especially in the small, unorganized retail sector.

What is FDI?

Foreign direct investment (FDI) refers to the net inflows of foreign investment to acquire a lasting management interest (more than 10 percent of voting stock) in a domestic company. In 1997, the government permitted 100 percent FDI in the wholesale cash and carry trade, in which customers arranged the transport of goods from wholesalers and paid for goods in cash (not credit), on a case-by-case basis.

Slumdog Entrepreneurship

Sonal Kapoor's picture

I work with street and slum girls and their mothers in India. Each day, as I walk through those dark lanes embroidered with brick and mortar, dungeons languish in abject obscurity and poverty, I cross many a road on which stand half naked women who stare at me with sad eyes. Most of them are mothers of the children I teach. I ask myself, 'Without the holistic development of the entire community, will just educating these children ever be enough to bring sustainable change?'

The issue of more and better jobs will stand ill addressed if this illiterate, non skilled, yet potential workforce is not tapped. I call this group the 'potential workforce' because I have seen the resilience of even the mediocre ones among them come out victorious in their struggle for survival. It is this group that needs to be effectively trained. For two years at Protsahan, we have trained some of these women how to make candles, sanitary napkins and hand bags. Just one skill was enough to increase their personal incomes by more than 400%. Although still at a very nascent stage, the economics of the entire community have shifted favorably. Better incomes resulted in better healthcare for their children and, more importantly, it created a sense of dignity that was essential to complete their womanhood. This sense of dignity might be an immeasurable metric, but it sure could be a direct index of the economy's well being, although on a micro-level.

Pakistan’s Most Favored Nation Status to India: A Win-Win for the Region?

Tara Beteille's picture

Trade relations between India and Pakistan appear set to improve significantly with Pakistan likely to grant India Most Favored Nation (MFN) status. The potential gains from easier trading relations are considerable for both countries. In 2009-10, official trade between the two stood at $2 billion. Studies suggest this volume could be much higher, absent formal and informal barriers. For instance, a recent SAARC report estimates trade potential to be $12 billion.

What exactly does MFN status mean?

All WTO members are bound to grant MFN treatment to member countries with respect to trade in goods. India granted Pakistan MFN status in 1996, but Pakistan held back, citing strategic considerations. Despite granting Pakistan MFN status, India continued to impose high tariffs on goods of interest to Pakistan—textiles and leather. Thus, merely according MFN status does not imply easier trade. So, does Pakistan’s offer matter? Yes, it does. It signals enthusiasm, goodwill, and a keenness to build peaceful and productive economic and political relations in the region.

Where will the gains come from?

Improving Procurement in India's Technical Education Project through the Web

Kalesh Kumar's picture

In 2006-07, a procurement review carried out on the Technical Education Quality Improvement Project (TEQIP) in India shocked and surprised project authorities as well as the World Bank. Even in the third year of implementation, participating Engineering institutes were unable to follow the agreed processes and procedures. That situation eventually lead to the development of web based PMSS (Procurement management Support System) currently being used in TEQIP Phase 2 program.

The procurement Review Consultants reported an astonishing 56% variation and resulting non compliance of procedures in the sample of reviewed contracts. A series of further assessments and introspection brought out the main issues that plagued the procurement system. These were:

(i) Geography: challenges of ensuring consistency and adherence to agreed procedures in projects that covered a wide area between hundreds of institutions as seen institutions in different states following their respective procedures , using inappropriate methods of selection, etc. 

Welcoming the Globe’s 7 Billionth Person

Michal Rutkowski's picture

According to the United Nations, this child will be born in India, and statistically should be a girl. But many of India’s girls are going missing at birth, because of parents’ desire to have boys. In 2008, the number of missing girls in India increased in 2008 to 275,000 as compared to 1,000 for the rest of South Asia.

If a girl child is lucky enough to be born, she faces high female mortality in infancy and early childhood in South Asia. What causes excess mortality among girls during infancy and early childhood? One possible explanation that has received a lot of attention is discrimination by parents against girls. Certainly, in parts of the world like Afghanistan, China, northern India, and Pakistan, such discrimination is a serious problem. Studies have shown delays in seeking medical care and lower expenditures for girls. In India, despite stellar economic growth in recent years, maternal mortality is almost six times what it is in Sri Lanka.

“I Cannot Sleep While I’m in India"

Saori Imaizumi's picture

It is India’s future that keeps Mr. Kapil Sibal, India’s Human Resource Development (HRD) Minister, awake. Last week, the World Bank hosted Mr. Kapil Sibal who spoke to a 120 strong crowd about “India and the World – Lessons Learnt and Contributions Towards the Global Knowledge Economy. “ During the lively discussion chaired by World Bank’s Tamar Manuelyan Atinc (Human Development Network Vice President) and moderated by Michal Rutkowski (South Asia Human Development Director. Mr. Sibal highlighted how India can contribute to the global knowledge economy.

Mr. Sibal, a well known Indian politician, is famous for his effort in enacting the Right of Children to Free and Compulsory Education (RTE) Act, which provides every child between 6-14 years free and compulsory education. With so many challenging issues to be solved for education in India, I was impressed with what Mr. Sibal has implemented so far as well as his grand vision for leading the country to achieve continued growth and prosperity.

Lessons from My World Bank Expedition

Sonal Kapoor's picture

My learnings from the recently concluded World Bank-IMF Annual Meetings 2011 where I represented India as a youth delegate. I am compiling them all together as lessons I learnt and how it changed my life and rewrote my history and understanding. Forever.

Lesson #1: The world has finally started taking the youth seriously.

Over the past 10 days or so, I had seen and felt that the youth opinion DOES MATTER to the policy makers at the World Bank and IMF. In individual meetings between CSOs, Bank, IMF Staff and Executive Directors, or at the Global Development debate on jobs opportunities for all, or at the flagship event, More and Better Jobs, I have realized that our opinion is acted upon stringently. Youth at the World Bank is a respected and celebrated group. When Jeremy Mark, Deputy Chief of Public Affairs, External Relations Department, encouraged me to go ahead and speak to Ms. Christine Lagarde, MD, IMF about a concern I had on issues in low income economies, I was pleasantly surprised. Honestly, I had not expected this open door policy concept of such higher up officials taking genuine and keen interest in the concerns that a youngster would have about the street children in her country, she is working with. Simply put, this sensitivity amazed me.

It’s Simply About Being Human

Joe Qian's picture

When we first discussed the prospects of inviting youth delegates from South Asia to attend the Annual Meetings, I must admit that I was initially ambivalent. However, the launch of More and Better Jobs in South Asia was imminent and it found that the region needs to create over one million new jobs a month over the next two decades to sustain employment for young people. How could we write about prospects for this group without hearing from them? With that in mind, we asked what More and Better Jobs mean to them and received an overwhelming response; over 11,000 application views and hundreds of exceptional applicants.

When the six delegates arrived, I was quickly struck by the intelligence, passion, and honesty that emanated from the group. Additional to the fresh, bold, and articulate ideas on employment themes such as equity, skills, and governance in their essays; they all took initiative for the betterment of their own communities with significant dedication and sacrifices.

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