India

Although several indicators show that India’s situation is not among the worst, many sectors have declined due to the downturn in the global economy while others have not been able to regain or maintain their growth trends. Thus, for instance, there has been drastically reduced growth in personal and consumer loans and industrial production. Inflation, increasing unemployment and decline in foreign institutional investment are some additional impacts. The Government must find a balance between economic reforms to stimulate growth and the necessary relief for 250 million Indians living in extreme poverty.
Author: 
Ranen Kumar Goswami
Author: 
Adolf Washington
Author: 
Jason Overdorf

Next month in India, the “world´s largest democracy” will begin a process of national Parliamentary elections for the first time since 2004, in a critical moment in which issues related to security and to the economy are weighing heavily on voters´ minds. Taking this context into account, this month´s “Spotlight On…” column will focus on the Social Watch India coalition, whose work to promote transparency and accountability in politics will be crucial during this election period.

Syndicate content