Tag: Column

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India must learn from China about aircraft leasing

The announcement of this policy statement in the Budget follows the release of the ‘Rupee Raftaar’ report at the Global Aviation Summit in Mumbai in January earlier this year. The Finance Minister, in her maiden budget, laid the foundation of building an important component of the aviation sector: “As the world’s third largest domestic aviation market, the time is ripe for India to enter … Read More India must learn from China about aircraft leasing

Airports driving new urbanisation patterns

Business Standard The economic multiplier effect of airport construction is estimated to be around six times the capital invested in an airport Jayant Sinha & Akhilesh Tilotia In the previous century, Jawaharlal Nehru proclaimed dams and factories as the ‘temples of modern India’. As the Indian economy becomes more service intensive and rapidly globalises to become a major player in goods and services, trade … Read More Airports driving new urbanisation patterns

Udan air connectivity scheme: Not just a flight of fancy

The Economic Times By Jayant Sinha & Akhilesh Tilotia Providing regional air connectivity is an important policy goal for the government. Such services deliver a host of benefits by fulfilling latent consumer demand for convenient travel, making businesses and trade more efficient, unlocking India’s tourism potential, enabling fast medical service and promoting national integration. Moreover, building connections to tier-2 and tier-3 cities also generates … Read More Udan air connectivity scheme: Not just a flight of fancy

Powering growth through airport hubs

Business Standard As the aviation market in India deepens, the creation of hubs for regional connectivity, international travel, mega- tourist destinations and freight connectivity will ensure the flow of more foreign Jayant Sinha & Akhilesh Tilotia Airports and airlines share a symbiotic relationship. Large airlines make big airports their hubs: The airport gets a dedicated anchor bringing in passenger footfalls and the airline builds … Read More Powering growth through airport hubs

So the average Indian can fly: How aviation is being transformed from an elite to a public service

The Times of India Jayant Sinha and Akhilesh Tilotia India’s aviation sector is being rapidly transformed and air travel is becoming indispensable for the general public. India is now the fastest growing major aviation market – the number of air passengers has been growing more than 20% year-on-year. In the past 12 months, more than 9 crore passengers flew domestically and another 5 crores … Read More So the average Indian can fly: How aviation is being transformed from an elite to a public service

CAD: Unless India reverses sustainably, net foreign assets may stay negative

The Financial Express Unless it reverses sustainably, India’s net foreign assets are expected to remain negative India’s financial relationship with the world has two large components: (1) a large trade account deficit balanced by services exports and remittances which still leaves a meaningful CAD financed by (2) large net inward flows of foreign capital. India’s large and consistent current account deficit (CAD) shows up … Read More CAD: Unless India reverses sustainably, net foreign assets may stay negative

How to prepare for US$100 oil?

The Financial Express A spike in prices near the next general elections could test the building up of fiscal buffers An important point that Ruchir Sharma makes in his new book, The Rise and Fall of Nations is: don’t ask what the world would look like if the current trends hold; ask what happens if the normal pattern holds and cycles continue to turn … Read More How to prepare for US$100 oil?

The joys of sharing

The Financial Express As the practice of sharing becomes more prevalent, cities will develop their own culture, and it is fascinating to see that emerge Over the last month or so, since car-pooling apps launched their pooling or shared services in Mumbai, they have become a favourite mode of transport for many of us office-goers. Concerns on sharing rides with unfamiliar people have given … Read More The joys of sharing

How can India escape Robin Hoodesque fate of taxing urban India to prop-up rural India

The Financial Express A revised estimate of the labour market in 2022 finds 500 million Indians could still be dependent on agriculture India’s consumption story is predicated upon the millennial and post-millennial demographic performing productive, paying jobs. A revised forecast of India’s labour market by 2022E is sobering: half-a-billion people are expected to be dependent on agriculture, contributing to only a ninth of the … Read More How can India escape Robin Hoodesque fate of taxing urban India to prop-up rural India

Building State capacity to protect citizens

The Financial Express For the citizen to be confident, the state has to first believe that it can enforce the rule of law In Mumbai (and this may be true in many other cities in India), many traffic signals start blinking the yellow lights after around 10 pm. These traffic signals are not tucked away in the low density residential areas; they are a … Read More Building State capacity to protect citizens

India’s hopes hinge on its demographic dividend

Forbes India The country faces many challenges in diverse sectors but reforms in education and skilling its workforce can script a new growth story India’s demographic dividend has already begun and over the next few decades will be powering the rise of its workforce. India’s workforce of 484 million people (in 2011) has the potential to increase to 850 million by 2025. This compares … Read More India’s hopes hinge on its demographic dividend

Mumbai has a long way to go

The Free Press Journal Friday, July 17, 2015, 12:48 AM IST Looking all around, it appears that Mumbai’s infrastructure has developed tremendously in the last few years. Bridges, flyovers, expressways–these are all major changes in the way the city moves. But yet, commuters travel for hours to get to their destinations. Why is that and what more should be done?, says Akhilesh Tilotia. Has … Read More Mumbai has a long way to go