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The Indian telecommunications sector consists of a network of over 21,000 telephone exchanges with capacity of about 15 million lines and 12 million connections. The government plans to connect all rural areas, comprising 557,137 villages. The expanded transmission network will have 20,000km of digital microwave systems, 23,000km of optical fibre systems, a large number of […]

We think the increase in installed power capacity from 1362MW to over 100,000MW since 1947, and the electrification of more than 500,000 villages is impressive in absolute terms. However, annual per capita consumption in India of about 350 kWh is among the lowest in the world and many people in a large number of villages […]

Until 1998, an administered pricing mechanism (APM) determined prices in the Indian petroleum sector. The APM set prices of crude oil and petroleum products to ensure returns for exploration and production companies, refiners, and marketing companies. It consisted of a number of oil pool accounts through which products such as diesel, kerosene, and LPG were […]

The National Steel Policy 2005 forecasts 110MT of steel production by 2019-20, which would require about 176MT of iron ore. India is a major iron ore exporter after Brazil and Australia. Multinational corporations such as POSCO, the Mittal Group, and domestic majors such as Tata and Jindal, are contemplating the best way to establish new […]

Financial sector reforms since mid-1991 are part of the overall economic reforms that cover industry, trade, taxation, banking, and financial markets. A decade of economic and financial sector reforms has strengthened the fundamentals of the Indian economy and transformed the operating environment of banks and financial institutions. The sustained and gradual pace of reforms has […]

The Indian civil aviation sector is to undergo a major overhaul. There are substantial policy changes because of the shift in the government’s mindset—from considering air travel as elitist to making it available to many people. However, airports in India are unable to handle the increase in traffic. The Naresh Chandra Committee Report has identified […]