In a report released mid-March, the Boston Consulting Group said that by 2025 India will be the third largest consumer economy in the world. Forbes reports the factors in India's favor: A greater number of the underprivileged population that used to account for 44% in 2005 have moved up the...
Urjit Patel Assumes Role of Central Banker in India
Deputy governor in charge of monetary policy at the Reserve Bank of India since 2013, Urjit Patel will take over charge of the central bank, replacing Raghuram Rajan, the outgoing governor, who returns to the United States. Patel holds a bachelor's degree from the London School of Economics, a master...
In India, a Financial Technology Revolution in the Offing
The Economic Times shares a report released by the Boston Consulting Group and Google, according to which by 2020 digital payments in India will touch $500 billion. In the next five years, the payments landscape will change in India: The Unified Payments Interface which allows customers to link all their...