Abstracts » Business, international

Investment levels soar

Article Abstract:

Significant levels of foreign interest and investment are helping to correct problems in India's infrastructure, one of the two main trouble areas visitors cite. Electricity use remains at only 270 kilowatt hours per person, despite soaring demand; telecommunications and road and rail transport are other underdeveloped areas. Foreign companies interested in addressing these needs over the long term include General Electric, Siemens AG (through subsidiary Siemens Ltd), and Asea Brown Boveri.

Infrastructure (Economics), Foreign investments, Investments

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A new zest for business

Article Abstract:

Relaxed government restrictions and large new investments are helping many sectors of the Indian economy to boom, creating a new local and international competitiveness. The automotive, textile, steel, electronics, and petrochemicals industries are particularly active. Tourism, long held in check by the lack of hotel rooms and other limitations, is finally receiving the recognition and support it deserves. Much of the growth nationwide is in the countryside rather than the major cities.

Economic development

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Freedom to grow

Article Abstract:

Nationalization did help many aspects of the Indian banking system but its counterpart, deregulation, is creating exciting opportunities and challenges for the sector. Since regulations were eased in 1992, banks have become more competitive in the face of foreign challengers. Many are getting involved in consumer financing, while others manage loans for the large infrastructure projects that India so desperately needs. Weaker banks will eventually merge with stronger ones.

Laws, regulations and rules, Financial services industry, Financial services, Financial institutions, Deregulation

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