Posted on July 24, 2008 by Vinay
In a first of its kind survey, the Indian Council for Research on International Economic Relations (ICRIER) has released a study analyzing the level of financial inclusion currently in India relative to other nations. The results are unimpressive. The paper
ranks India at 29 in a list of 55 countries based on the country’s performance in banking penetration, availability of the banking services, and the usage of the banking system. India’s ranking goes down to 50 (out of 100 countries) if one removes the banking penetration as one of the determinants from the Index. This shows that even though there is a higher banking penetration, there are inefficiencies in making these services available to the financially excluded population. [Source: VC Circle]
We have written to this issue before. Particularly, I interviewed Gautum Ivatury of CGAP, and their efforts in addressing financial inclusion via mobile banking. This study is interesting because it highlights how building a bank is only part of the process. The drop in rankings when controlled for banking penetration emphasizes this need.
Due to this interesting dynamic, there is a definite need for innovative and unconventional methods to reach these otherwise excluded communities. Technological approaches like kiosks and mobile phones are one angle, but I also have an inkling that much of it stems from being uninformed or even skeptical of modern institutions.
Filed under: BoP, Finance/Credit, Research | Tagged: CGAP, financial inclusion, Gautam Ivatury, Research on International Economic Relations, VC Circle | 1 Comment »
Posted on March 20, 2008 by Santhosh
As the Indian economy continues to grow at a scorching pace, folks everywhere are worried about the country’s energy needs. India’s thirst for resources, especially oil, is going to create a tough economic challenge in the coming years. In addition, the burden of climate change is also getting shifted to the shoulders of developing giants like India and China, as major emitters of greenhouse gases.
India for a while has taken a lead on renewable sources. However, in recent times Indian companies have started seeing exciting opportunities in renewables and greentech. Turns our India has the fourth largest installed wind power capacity in the world (source). India has already leapfrogged the west in telecom – where mobile phones networks now connect the nook and corner of the country. Clearly, renewables like solar and wind energy offer another such opportunity. Indian companies need to start investing in various parts of the renewables value chain.
One such great example is Moser Baer’s leap in the photo-voltaic space. Reuters reports that the solar division of the optical disk maker is waiting to go public (through VC Circle)
The solar energy arm of optical storage disc maker Moser Baer is looking for a initial public offer (IPO) in Nasdaq, according to a Reuters report. Morgan Stanley is probably one of the underwriters appointed by Moser Baer Photo Voltaic (MBPV), which manufactures solar cells and modules, for the proposed IPO.
Filed under: CSR | Tagged: IPO, Moser Baer, Nasdaq, Renewable, Solar, VC Circle | Leave a comment »