1% cost cut in logistics would add $10 billion to India’s GDP

Image by: Ashwin John – Flickr Logistical inefficiencies bottleneck internal movement of goods and compound costs of international trade thus robbing potential revenues from both domestic and global markets. Logistics costs account for 14% of Indian GDP, compared with 10% in China and just 8% in the United States. The high cost of getting goods … Continue reading “1% cost cut in logistics would add $10 billion to India’s GDP”

5 ways to revive the Indian economy

The Indian economy, having to endure two fiscal overhauls in the form of demonetisation and the GST rollout, has hit a three-year downturn. The quarter ending September catalogues steeply decelerated growth at just 5.7%. Although popular votes are cast in the favour of a stimulus, however widening the fiscal deficit could further strain federal revenues … Continue reading “5 ways to revive the Indian economy”

China’s new silk road will span 60 countries

The One belt, one road (OBOR) project seeks to resurrect ancient silk trade routes to promote economic growth. Connecting Asia, Africa and Europe in a network of industrial parks, ports, roads and railways, the new silk road will span 60 countries that account for two-thirds of the world’s population and one-third of the global GDP. … Continue reading “China’s new silk road will span 60 countries”