| News and Insights With rivals snapping on its heels, HUL is realigning itself to the new Indian consumer. The government is looking at allowing foreign direct investment (FDI) in multi-brand retailing as part of a slew of measures to make India more attractive to overseas investors. "We will invest Rs 800 crore to increase our manufacturing capacity this year and another Rs 700 crore on brand building and marketing activities," LG Electronics India Pvt Ltd (LGEIL) COO Y V Verma Japan's biggest exporter of consumer electronics Sony indicated the possibility of supply crunch as it was still assessing the damages. Kiminobu Tokuyama, managing director and chief executive officer of Nissan Motor India Pvt Ltd, is bullish on the Indian market with its small car Micra receiving a good response and the company moving on track with its various alliances To click better with consumers this year, the Rs 450-crore Indian operation has lined up a slew of affordable product offerings and hopes to improve its service network. For me, the most exciting designs are the ones which are complete modern re-interpretations of the traditional. For example, the Taj collection from Tanishq, that is a 21st century take on established imagery. It’s kind of a modern reworking of Indian traditions. This is contrary to India’s hunger for Western ideas in other sphere of life. Aditya Birla Retail plans to open as many as 130 supermarkets and a dozen hypermarkets in the fiscal year starting in April, to take advantage of the surging spending power of Indian consumers. The company said it expects to close this fiscal with a revenue of Rs 4,000 crore. Consumer electronics firm’s local arm logs 50% rise in sales the previous fiscal; seeks to maintain the rate for two years As policy makers pursue financial inclusion to ensure socio-economic development, Aman Srivastava of Indicus Analytics deconstructs the complexities of the goal, taking stock of the situation and the need to take a proactive approach, in the first article of this three-part seriesFinancial inclusion as a goal is gaining greater attention in government policy circles and is a key to continued socio-economic development. Almost 3 billion people around the world lack access to basic financial services that have the potential to transform economies and boost livelihoods. Such is the importance of this issue that it was a leading topic of discussion at the annual World Economic Forum meeting last month. There is an urgent need for understanding the complexities of this goal, so that the regulation required to achieve it is proactive and not reactive, and can encourage large-scale participation. This topic thus merits a greater understanding and discussion, which we endeavor to commence here. The series begins with an overview of the current state of inclusion in India and the need for enhancing it. Subsequent articles will cover the main aspects of the regulatory regime and introduce some key players as well as models, both domestically and internationally. The domestic models can highlight what we’ve achieved so far, while the international models will demonstrate what we can still learn and apply. 
 Insights from Indicus The majority of chief wage earners are aged 45 to 65, and most have completed primary or middle school. The all-India growth rate trend is encouraging, but what about disparities across the states? Andhra Pradesh and Gujarat were the most improved states in terms of economic freedom in 2009, according to a list released on Monday by Planning Commission deputy chairman Montek Singh Ahluwalia. Financial inclusion is a generic problem that affects most developing countries, where the proportion of unbanked is very high Various studies have revealed that consumption is usually much less volatile than income Improved life expectancy at birth has its own set of problems for the country After decades of neglect, access to higher education is finally being recognised a growth driver As policy makers pursue financial inclusion to ensure socio-economic development, Aman Srivastava of Indicus Analytics deconstructs the complexities of the goal, taking stock of the situation and the need to take a proactive approach, in the first article of this three-part series The chief wage earner in these households is a skilled worker, with a basic school education, and generally above the age of 45 |