slugChallenges in Indian Financial Sector to become Economic Super Power in the Coming Decade
Journal Title: International Journal of Management, IT and Engineering - Year 2011, Vol 1, Issue 1
Abstract
Presently India is borrowing heavily from World Bank and ADB for Government Projects. The Private ventures are looking for FDIs but the ceiling is restricted by government policy. Hence a considerable fiscal from GDP is diverted towards interest or dividend towards these finances. High inflation and global recession are adding to considerable fiscal deficit making the funds more volatile and costly. High inflation and delays in completion are resulting in huge cost over runs thereby rendering the ventures less profitable. PPP models are also highly affected by local demands, making them less attractive for investment. PPP consortiums are mostly having Indian partnerships to bare minimum, thereby keeping them away from all strategic decision process. Most of these PPP Consortiums outsource most of the project execution to parent firms outside India, hence least beneficial to Indian corporate. The corruption and scams have pushed India‟s credit rations to the rocks bottom (CWG). The political instability due to coalition government also reduced India‟s credit ratings. Most of the ventures are shadowed by local politics, making them less credible for future investment. Delayed reforms in Direct and Indirect Taxes have made the corporate ventures more defensive towards global initiates.
Authors and Affiliations
M. S. Vasudev and K. M. Nagendra
Keywords
Related Articles
- EP ID EP18006
- DOI -
- Views 369
- Downloads 15
Trends and Progress Made By Indian Banks in Adoption of Technology: A case study of HDFC Bank
Indian Banking sector has adopted many technological innovations to provide improved services to the customers. Various studies undertaken from time to time have concluded that the changes that new technologies have b...
Leadership Competencies of SME leaders: A comparative study
Small and medium industries (SMEs) constitute backbone of any active economy. Flourishing despite a challenging environment, the Small and Medium Enterprises (SMEs) of India have survived several highs and lows in the...
Reuse of Hospital Plastic Waste in Concrete as a Partial Replacement of Coarse Aggregate: A Research Paper
Concrete is a most common material for human being to use in construction. In this study, the behavior of the hospital plastic as aggregate in concrete has been investigated on compressive strength weight reduction an...
slugFrequency Control in Interconnected A.C. Systems through HVDC Link Using Artificial Intelligence
The Load frequency control in HVDC system has gained importance with the growth of interconnected systems. Hence greater reliance is being placed on the use of special control aids to enhance system security, facilitie...
PERFORMANCE OF VARIOUS ALGORITHMS USED IN CRYPTOGRAPHY
Performance of cryptosystems is a very important process in measuring the performance of Cryptosystems. Communication is the basic process of exchanging information. The effectiveness of computer communication is mainl...