HYDERABAD, India — It feels like a foreign land. Well, it is India, but that's not what I mean. Here I am, an infrastructure guy at the U.N. Convention on Biological Diversity's Conference of the Parties. What I am seeing in real time is global architecture at work on finding ways to protect the planet's natural resources in the face of manmade problems and changing climatic conditions. It is important work, and almost every country is laboring to find solutions that fit its unique needs. But you can imagine that common ground is not easily come by.
Ulrich Bartsch, the World Bank's outgoing senior country economist for India, will lead a 24-hour live chat on the World Bank India Facebook page. He and other experts will be discussing the Bank's latest India Economic Update. The chat will begin Wednesday, Oct. 10, at 4:30 p.m. India Standard Time (7 a.m. Eastern Daylight Time in the United States). Here, he provides a sneak preview.
India’s economic growth has slowed to a pace not seen since the beginning of the 2000s. At the same time, the current account deficit has reached a record high. We project growth in the current fiscal year to reach around 6%, a slowdown from the already low 6.5% growth in the previous year. This growth projection is predicated on an improving domestic and external environment, but the risks for a worse outcome are high.
Introduction by Kalpana Kochhar, chief economist of the South Asia Region
This summer, I wrote about keeping India’s promise alive and realizing its great potential. As I said then, energy reforms are crucial if the country is to boost growth. In the wake of the world’s largest blackout, which left 600 million people in India without power, two World Bank colleagues have written an op-ed about examples India can turn to, at home and abroad, as it seeks to tackle seemingly insurmountable power issues. Ashish Khanna is a senior energy specialist in the Bank’s New Delhi office, and Jyoti Shukla is energy sector manager for the South Asia region. Here are excerpts from their article, which appeared in the Hindustan Times:
India today is the fourth largest economy in the world. But for the country to sustain a growth rate of close to 6%, it remains vulnerable to the vicissitudes of global investors. It’s time to ponder: why it is not the other way round? How can India reach a position where we not only follow the rise and fall of global economic forces but also lead the way in sustaining the global economy? This is my dream.
Improving Ongoing Flagship Programs:
-The monitoring of all flagship projects should be improved right from the Gram Panchayat level to the state and central level.
-Models need to be developed for every flagship program, success factors studied, and implementation aligned with the specific needs of each state.
-All program implementation officers should be trained by those who have worked in successful programs. Pay should be linked with performance.
-Resource reallocation should depend on progress and work load.
-All unsuccessful programs should be analyzed to understand the main causes for failure and alternatives planned.
-Benchmark studies should be conducted to identify critical indicators for development in education, health and infrastructure and year on year progress checked.
World Bank India has just launched its Facebook page! We are extremely excited at the prospects that social media channels like Facebook bring in making our communication with the outside world more dynamic, real time, interactive and conversational in style. It will surely add a new dimension to the way we communicate. The link to the page is http://www.facebook.com/WorldBankIndia and we’d like to hear more from you!
Tomorrow, we're launching an online discussion on what are the prospects for advanced and developing economies of the world in the current global economic situation on the wall of our Facebook page.
Nobel Laureate Andrew Michael Spence, who was also the Chairperson of the Growth Commission will lead this online discussion and Mr N. Roberto Zagha, World Bank Country Director in India, will moderate the discussion.
What does one generally looks for while travelling? Quick, hassle free, safe and convenient mode of transportation! To get people to shift from private to public transport, the usability and access to public transport should be such that people choose it over their own vehicles.
This is however a classic chicken and egg problem because until the public sees an improvement in public transport they are not going to use it, and till the government sees people using it, it will not invest in public transport. In this case, the government will have to take the first bold steps and invest in the infrastructure of public transportation systems.
Points to be considered:
The state of India’s school education does not paint a very pretty picture. No doubt a whopping 97% of all children between the ages of 6-14 years in rural India are enrolled in school. However, national school attendance averaged just about 70%, dipping below 60% for populous states like Uttar Pradesh, Bihar, Jharkhand and Madhya Pradesh. Performance was much worse. Amongst the standard 5 kids surveyed, over half could not read a standard 2 level text fluently and more than one-third could not do basic standard 2 level subtraction.
India’s problem is not so much about getting children into school anymore. We now face the far more complex issue of keeping them there and ensuring effective learning. Crumbling public infrastructure, poverty, corruption, lack of attractive compensation and training for primary school teachers and a lack of awareness among uneducated rural parents about their child’s progress at school are huge obstacles in the path to educational attainment.
On June 6th, CGAP launched its annual and ever-growing photo contest that highlights the diversity and dynamism of microfinance around the world. Each year, the CGAP Photo Contest receives stunning photographs from around the world that help tell the story that CGAP’s work addresses.
Now in its 7th year, CGAP has asked entrants to focus on the broader issues that surround financial inclusion to help show the variety of formal and informal ways in which finance is woven into the fabric of poor people’s day-to-day activities. CGAP is continually trying to build upon the Contest’s success by challenging photographers to use their imaginations to capture microfinance in distinctive ways and diversify the representations of microfinance. In particular, photographers from South Asia that have consistently dominated the top prizes will need to continue wowing the judges for place as a finalist as more and more photographers from Sub-Saharan Africa, Latin America, and the Middle East deliver compelling work.
Today, we're launching an online discussion on Exports in Bangladesh at the World Bank Bangladesh facebook page. Through the online discussion, we hope to hear from YOU on how Bangladesh can accelerate and diversify exports in order to achieve its aim of becoming a Middle Income Country.
Dr. Sanjay Kathuria, Lead Economist, World Bank Bangladesh is answering your questions and moderating the discussion. Let us know what you think!
What? Exports in Bangladesh: How can Bangladesh accelerate and diversify exports?
When? Today, August 07, 2012 (12:00 AM – 11:59 PM Bangladesh time)
Every day, children over the world are molested, raped, abused, and killed. Who is responsible? We all are, as parents, teachers, prominent personalities, journalists, neighbors, politicians, religious figures, men and women of this world; we are all responsible, including and especially those of us who have decided to be silent observers of the horrible news we see in the media.
It is not OK to accept what we hear or see as part of a normal life. It is not OK to just talk about it and feel it is not your fault or even worse not your child. It is not OK to keep still.