Posts Tagged ‘developing nations’

The Bumpy Roads Of India’s Growing Economy

Monday, July 19th, 2010

Public projects in India are unpredictable and foreign investors are watching.

  • India’s rapidly growing economy could be hindered by the sorry state of their public roads.
  • India’s roads are narrow and often unnavigable. Their condition often stalls industrial activity and sometimes causes perishable goods to spoil before reaching their destination.
  • India is looking towards foreign investors to fund a massive reparation of India’s roads. However, because of India’s reputation for poorly completed infrastructure projects, few outsiders are game to invest.

Facts & Figures

  • National highways account for only 2% of India’s total road network
  • New Delhi plans to build 7,000 km of new road every year

Best Quote

“Delays are a fact of life in India, and investors know it.” – J.N. Singh, member of finance, National Highways Authority of India.

A Developing Country is…

Tuesday, October 27th, 2009

A developing country in general is a country that has low levels of industrialization and low standards of living. While there is no universally accepted means of determining the dividing line between a developing and developed country, statistical measurements like standard of living, GDP per capita, life expectancy, industrialization, and literacy rate among others all help determine a country’s classification. That being said, not all developing countries are the same. Some have relatively high standards of living, but low life expectancy rates while others are the complete opposite.