The best conference panels, like the best blog posts, are the ones which change your mind. And while I haven’t done a U-turn on anything, after yesterday’s panel on smart cars I’m now thinking very differently about the relative merits of various ways of improving how we move around where we live and travel.
The Indian economy is coming back. After several years of disappointing performance, the authorities are shifting to policies aimed at boosting the annual growth rate closer to the roughly 9% level that India achieved from 2004 to 2008. That won’t be easy. India has many handicaps and lacks many of the things that are needed to sustain rapid growth.
A rout in Niko Resources Ltd.’s shares is accelerating amid concern that the energy explorer will struggle to finance drilling in India and prices for natural gas from the projects will be less than it anticipated.
Niko has slumped 65 percent in Toronto in the year through Sept. 6, the biggest drop in the Standard & Poor’s/TSX Energy Index, as the Calgary-based company sells assets and suspends exploration in Indonesia to bolster its balance sheet and focus spending off India’s east coast.
By Tatiana Didier, Research Economist, Office of the Chief Economist for Latin America and the Caribbean, World Bank, and Sergio Schmukler, Lead Economist at the World Bank. Originally published at VoxEU.
Kevin Grewal submits: India’s economy is growing at the second-fastest pace amongst the world’s major nations, and is likely to continue to do so, as the country is abundant with an intelligent and young labor force. Furthermore, this growth is shinning a ray of light on the nation’s infrastructure sector and boosting the appeal of the EGShares India Infrastructure ETF (INXX).