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Reserve Bank of India

Indian Economy Faces Crisis: From Boom to Bust?

Sheldon Filger | Posted 11.05.2013 | World
Sheldon Filger

In a self-perpetuating cycle of gloom, lack of confidence has led to capital flight, sparking a market-induced devaluation of India's currency, the rupee. The collapse of the rupee has in turn sparked a large increase in the country's energy imports, especially oil.

Fallout of a Crisis: The Future of Microfinance in India After Andhra Pradesh

Jessica Gage | Posted 09.03.2012 | World
Jessica Gage

While the Andhra Pradesh crisis caused significant changes and challenges within the Indian microfinance industry, the general consensus seems to be that the introduction of regulation into the sector is productive.

India's Thriving Economy Slows Down

Posted 07.31.2011 | Business

NEW DELHI (Rajesh Kumar Singh) - India's economy grew at its slowest annual pace in five quarters in January to March, as rising interest rates crimpe...

On Microfinance: Who's to Blame for the Crisis in Andhra Pradesh?

Elisabeth Rhyne | Posted 05.25.2011 | Business
Elisabeth Rhyne

The sensationalized newspaper accounts of suicides among over-indebted clients of some of India's biggest microfinance institutions threatens the future of microfinance in India.