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  • Why Companies See Bright Prospects in Rural India

    In late May, when India’s GDP numbers were released, many were happily surprised. In the fourth quarter of the fiscal year (January-March 2009), the economy grew 5.8% against expectations of less than 5%. For the year, growth was 6.7%, less than the 9% recorded in 2007-2008, but still very respectable during a global downturn. Multinational banks and brokerage houses rushed back to their spreadsheets to raise their growth forecasts for 2009-2010. But why were the estimates so pessim...

    Source
    Knowledge@Wharton (link opens in a new window)
    Region
    South Asia
  • India Inc for PPP to better quality of education

    The education industry is looking at an increased public-private partnership (PPP) in educational and training initiatives for matching skill-set demands of the industry with the available talent. Education is among a few sectors that has been insulated from the impact of a global economic slowdown but faces a huge challenge of reducing the gap of educated yet unemployable talent. “We would like to see more investment in PPP programmes to improve education quality at the bottom of...

    Source
    Hindustan TImes (link opens in a new window)
    Region
    South Asia
  • The Nano Home: India’s Cheap Housing Boom

    Indian property developers cater to the masses with low-cost housing LAST month ten-year-old Azharuddin Ismail was woken in the middle of the night by the sound of bulldozers. As policemen beat him with a bamboo stick to shoo him and his family away, his home in Mumbai’s slums was swiftly demolished. Azhar, a celebrity since appearing in the film "Slumdog Millionaire", has since been given a new home by the filmmakers. But other residents were not so fortunate. India’s c...

    Source
    The Economist (link opens in a new window)
    Region
    South Asia
  • The Infomercial Comes to Life in India’s Remotest Villages

    By ERIC BELLMAN BENIPUR VILLAGE, India -- Advertisers in India can’t rely on TV, radio or even newspapers to reach the country’s 700 million rural consumers. So they use Sandeep Sharma. On dirt roads across the subcontinent, the former wedding singer cracks jokes, gives demonstrations and stages game shows to spread global consumerism, one village at a time. He is one of thousands of traveling performers who bring the world’s biggest brands to audiences of a hand...

    Source
    The Wall Street Journal (link opens in a new window)
    Region
    South Asia
  • Profit for Good

    By Sarah Murray In water-scarce India, access to modern irrigation technology has long eluded the country’s 260m smallholder farmers. Now, small-scale manufacturing and a distribution system is bringing irrigation products to growing numbers of these farmers, generating water savings of 30-50 per cent, energy savings of 50 per cent and increased crop yields of up to 70 per cent. The new system is not, however, funded by a multilateral de...

    Source
    Financial Times (link opens in a new window)
    Region
    South Asia
  • Slumdog Entrepreneurs

    Over the last five years, Mumbai has been blessed with two significant depictions. In 2004, Suketu Mehta wrote “Maximum City,” which was a finalist for the Pulitzer Prize and is one of the best books about a great city in recent years. In 2008, “Slumdog Millionaire,” a romantic tale of urban poverty and quiz show success, sold millions of tickets and won a bucketful of Oscars. Both capture the energy and diversity of Mumbai, but neither adequately captures the economic...

    Source
    New York Times (link opens in a new window)
    Region
    South Asia
  • Crossing the Divide – The business of social good

    Three years ago when we first started looking for money, we had only social venture funds interested in us; now, in the last month, I have got calls from mainstream venture capital funds who are interested in investing,” says Ashwin Naik, founder of Vaatsalya Healthcare Solutions Pvt. Ltd, a start-up that is building a chain of low-cost hospitals in rural and semi-urban India. That perhaps indicates how far for-profit social enterprises have travelled in the last few years to be r...

    Source
    Live Mint (link opens in a new window)
    Region
    South Asia
  • After a Small Car, it?s a Small Home from Tata Housing

    Bangalore: Soon after Tata Motors Ltd launched the Nano, touted as the world’s cheapest car, another group company announced on Wednesday that it will build homes that cost between Rs3.9 lakh and Rs6.7 lakh. Privately held Tata Housing Development Co. Ltd, a subsidiary of Tata Sons Ltd, has launched the first of these projects, branded Shubh Griha, in Boisar, a distant suburb in Mumbai, the company said. The firm will invest up to Rs100 crore in a 1,200-unit township in the ...

    Source
    Live Mint (link opens in a new window)
    Categories
    Entrepreneurship
    Region
    South Asia
    Tags
    Acumen Fund