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India’s States: A Re-alignment Towards Growth

India’s States: A Re-alignment Towards Growth

The Narendra Modi-led BJP government is close to completing its first term in office, having implemented a series of far-reaching policy reforms during the past three years. During this time the political complexion of the country has radically changed, with control of many state legislatures changing hands (largely to the BJP), and the emergence of new regional leaders who are now driving key states like Maharashtra, Uttar Pradesh and Tamil Nadu, among others. While large metro and city-centric states including Maharashtra, Delhi, Tamil Nadu and Gujarat continue to remain the biggest drivers of growth within the country, several states further behind on the growth trajectory appear to be catching up. In July 2015, the Sign of the Times evaluated a series of growth, risk and scale related metrics across India’s states with a view towards analysing the vast economic and social differences within the country, as well as the implications of these inter- and intra-regional differences for policymakers and investors. This month’s Sign of the Times revisits and updates this original analysis to identify the key changes in the relative position of India’s states and how the country’s landscape has changed, as well as the implications of these changes for investment strategy and policy.

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Digital Shock: India’s Opportunity to Create a new Healthcare System and save US$50bn

In India, the provision of modern healthcare to 1.3bn people is one of the biggest challenges facing the country today and a priority for its government. Poor access to credible information, physicians and pharmacies, inadequate hospital infrastructure, and the continued prevalence of fundamentally preventable life-threatening diseases represent systemic and significant fundamental challenges in a country where per-capita healthcare spending remains among the lowest even among emerging market economies. Solving these challenges in a timely and capital efficient manner will require developing a series of radical solutions, for which the variable that stands between failure and success is technology.

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Digital Shock: India’s Challenges are its Opportunity to Lead in Tech February 2018

Over the past two decades, India has emerged as a market leader in providing information technology services to the world and will likely maintain this position in the coming years. More importantly, the coming decades will also see India apply digital technology to solve various issues it is facing, potentially leapfrogging older western models with new low-cost ones that are fit for a mass population, thereby providing its 1.3 billion people with access to an increased quality of life and opportunity without needing to over-build physical infrastructure. While at this stage the domestic market may not be as large or profitable for India’s IT companies as western markets, eventually the scale and scope of opportunities in India will attract not only these companies to return home, but new entrepreneurs and global technology and data players as well to help digitize India. While the developed world struggles to transition from an industrial economy supported by digital, India has the opportunity to jump development curves directly to a digital economy supported by a modernised industrial base. This month’s Sign, the second in our Digital Shock series, examines both the opportunity and imperative for India to leverage emerging digital technologies and data science to address its challenges and transform the country.

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2018 And The Clash of World Views January 2018

The opening Sign of the Times for 2018, presents a list of key themes during the next 12 months that have the potential to be catalysts or triggers for changes to shape our world, our markets and our lives. With the benefit of a tumultuous year’s events to consider, this month’s Leader will again attempt to identify the key political, military economic, social and technological themes playing out in 2018 (and beyond) along with counter-pointed scenarios and a briefing on their impact on the world in the year to come. While recognizing the considerable uncertainty in the world today, 2018 looks like a year that may be forced to reconcile booming markets with the prospect of dangerous political games triggering further discord and conflict.

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