Tag Archives | India
Economics, Finance sector development, Transport

Spillover and straw effects of high-speed rail

High-speed rail investment: A butterfly effect for urban chaos
On a typical ride on the Tokaido Shinkansen traveling from Shin-Osaka to Tokyo, it does not take a childlike imagination to notice the view from the bullet train of scattered cars, small houses, and baseball fields, gradually changing as the train approaches its destination to packed apartment buildings and tall office towers. This is an important phenomenon of high-speed rail (HSR) implementation, which can be described by the terms “spillover effect” and “straw effect.”

Environment, Water

Composite Water Management Index: A pathway to solve the water crisis in India

Composite Water Management Index: A pathway to solve the water crisis in India
The National Institution for Transforming India (NITI Aayog) and, more importantly, the citizens of India have acknowledged that the country is undergoing the “worst water crisis” in its history—and they are making commendable efforts to address it. They have proposed a comprehensive index to create awareness and to enable effective water management for the Indian states. In June 2018, NITI Aayog, the premier think tank for the Government of India, proposed the Composite Water Management Index, a tool to assess and improve the efficiency of water resource management.

Environment, Water

“Commitment” as a success factor for fecal sludge management

"Commitment" as a success factor for fecal sludge management
Leh, a high-altitude cold desert in India, is a popular tourist destination hosting around 250,000 visitors annually. At present, the poorly designed septic tanks and soak pits installed by households, hotels, and guesthouses to contain fecal sludge are posing a serious threat to groundwater contamination. To cater to the demand for fecal sludge management (FSM), the Municipal Committee of Leh (MCL) partnered with a private company called Blue Water Company (BWC) and a technical nongovernment organization named BORDA in 2017 to provide an end-to-end FSM service, including pit emptying and operation of a sludge treatment plant.

Economics, Environment, Industry and trade

International outsourcing, environmental costs, and welfare

International outsourcing, environmental costs, and welfare
In recent decades, amid the increasing trend of globalization, it has become prevalent in world trade that firms in some countries outsource intermediate and/or finished goods or services from other firms in foreign countries for the purpose of lowering production costs and increasing production efficiency.

Finance sector development

Fintech is the game-changer for financial inclusion in Asia

Fintech is the game-changer for financial inclusion in Asia
Due to innovations in financial technology and changes in the enabling environment, the number of financially excluded adults across Asia and the Pacific has dropped to about 1 billion. Increased access to affordable financial services can be a lever for Asians to smoothen consumption, manage risk and improve their lives through better savings options, access to credit, and cheaper payments or remittances.

Economics

Structural reforms to sustain Asia’s growth

Structural reforms to sustain Asia's growth
Economic growth in both developing and advanced economies has slowed since the global financial crisis. Developing Asia’s growth also moderated after the crisis, to a large extent driven by the slowdown in the People’s Republic of China (PRC). The region’s economy expanded on average 7.6% annually during 2001–2010, but growth slowed to an annual average of 6.5% during 2011–2015. ADB is projecting further deceleration to 5.7% in each 2016 and 2017.

Economics

PRC’s slowdown for Asia’s growth – key takeaways

PRC’s slowdown for Asia’s growth – key takeaways
After many decades of driving regional growth, the economy of the People’s Republic of China (PRC) is now slowing down, and this is likely going to have a noticeable effect on the world economy and especially globally integrated economies in developing Asia.

Urban development

Walkability—Building cities for people too

Walkability—Building cities for people too
With the urban population swelling the world over, it makes sense that we start—or go back to—designing cities for people too. People are a city’s principal raison d'etre. Cities therefore should be designed or redesigned to address one aspect that is at a more personal level for residents to make it greener: walkability.