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Realising India’s economic potential July 19, 2015

Posted by nishankmotwani in : Guest authors, India , comments closed

Peter Drysdale

India is a very large labour-abundant economy with a rapidly growing workforce and its manufacturing sector might be expected to be the primary driver of its economic growth. In fact, the manufacturing sector has contributed little to income growth and its share in total merchandise exports has been declining, as recent OECD analysis points out. Manufacturing has not brought much new employment, and most of the recent rise in manufacturing employment has been in the informal sector.

EAS India labour

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Baldia fire tragedy aftermath March 22, 2013

Posted by southasiamasala in : Guest authors, Pakistan , comments closed

Vaqar Ahmed

The Baldia fire happened on 11 September 2012 at a garment factory in the Baldia area of Karachi, a city in the Sindh province of Pakistan. Karachi is the largest city of Pakistan and the most important industrial and financial hub. The fire took 259 lives. This is the worst industrial fire of the 20th and 21st centuries. The highest casualties previously recorded are 146 in the 1911 Triangle garment factory in New York and 187 in the 1993 doll factory fire in Thailand.

Twenty-three bodies were charred so badly that they could not be identified. DNA matching procedures have identified six bodies. In February, 5 months after the fire, authorities have mass buried 17 bodies that, according to the government, were never claimed after the factory fire.

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Indian car sector booms but transport infrastructure lags February 13, 2012

Posted by southasiamasala in : Guest authors, India , comments closed

Guest author: Mahendra Ved

Reprinted from East Asia Forum, 7 February, 2012

While the Indian car sector is travelling in the fast lane, road and public transport projects have not kept pace. Indians bought about 2.5 million cars last year, worth US$30 billion, while another half a million were exported.

This year, assuming that car-loan rates decline and the economy improves, the market could grow by 10 to 12 per cent — and even if rates remain static, the car market will still grow by 5 to 7 per cent. But even these figures pale in comparison to the 30 per cent growth experienced in 2010, at which time interest rates were lower and the economy was booming, and the double-digit annual sales throughout the 2000s. No wonder global automakers scrambled to attend the 2012 Delhi Auto Expo earlier this year, where some 60 new models were launched.

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