Category Archives: India

The Top 10 Challenges for India

India is a country with extraordinary problems due to the size of its population. At the same time, it has extraordinary potential which may be realized if it can implement some major changes best identified in a paper released by Goldman Sachs in 2008 (PDF). According to the study, there are ten key areas where reform is needed:

  1. Improve governance
  2. Raise educational achievement
  3. Increase quality and quantity of universities
  4. Control inflation
  5. Introduce a credible fiscal policy
  6. Liberalize financial markets
  7. Increase trade with neighbors
  8. Increase agricultural productivity
  9. Improve infrastructure
  10. Improve environmental quality

I believe the only controversial item in the list above may be number six, given the disastrous effects that financial market deregulation had in the US in recent years. Nevertheless, the nine other recommendations are still highly relevant and fundamentally sound. Do you agree?

Mobile Phone Penetration in India

According to the Department of Telecommunications of India, there were 346.9 million wireless telephones in India as of December 2008. Using a total population of 1,147,995,904 (July 2008 estimate), the penetration rate of cell phones was 30.2%. For comparison purposes, the penetration rate as of December 2007 was only 20.7%. In other words, the number of mobile phones in India increased by 113 million in 12 months, an astounding 48.5% growth rate.

You may also want to compare India’s mobile phone penetration to China’s mobile phone penetration.