Indian economy has been rapidly growing over the past decade or so, and along with those of other BRICS nations, is poised to account for a significant share of global economic growth going forward
Maintaining a heady growth rate in one of the world’s three largest economies is proving to be a formidable challenge. This author describes the forces that have powered India’s economy over the last 20 years, and as readers will learn, he also explains how a new business model and innovative thinking can re-charge what appears to be an economy that has plateaued.
Telecom in India
The context of growth for the solar sector till now has been built on two pillars — policy-driven growth wherein the sector is provided a subsidy, and access to long-term bank financing, since solar assets typically have a residual life of 25 years or so. The latter is especially relevant as the Indian fiscal deficit continues to reach new highs, forcing the industry to decide if a program which is a cost to the exchequer, such as capital subsidies or generation-based incentives, is acceptable as a long-term solution. Will banks continue to provide project-based finance to solar farms or given the recent policy imbroglio over power-sector financing, will access to solar finance also get curtailed?
Reprint from Ivey Business Journal
[© Reprinted and used by permission of the Ivey Business School]