Meconomic development – Water Valley Chamber http://watervalleychamber.info/ Wed, 24 Aug 2022 16:27:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://watervalleychamber.info/wp-content/uploads/2021/11/wat.png Meconomic development – Water Valley Chamber http://watervalleychamber.info/ 32 32 Chamber launches economic development and business attraction webpage https://watervalleychamber.info/chamber-launches-economic-development-and-business-attraction-webpage/ Wed, 24 Aug 2022 15:02:46 +0000 https://watervalleychamber.info/chamber-launches-economic-development-and-business-attraction-webpage/ Atascadero Chamber of Commerce. Photo by Saab Sahi. A new webpage will encourage business owners and property developers to relocate or expand in the area – The Atascadero Chamber of Commerce now offers an economic development resource to attract new businesses to Atascadero. The new webpage provides potential business owners and property developers with demographic […]]]>

Atascadero Chamber of Commerce. Photo by Saab Sahi.

A new webpage will encourage business owners and property developers to relocate or expand in the area

– The Atascadero Chamber of Commerce now offers an economic development resource to attract new businesses to Atascadero. The new webpage provides potential business owners and property developers with demographic information and details of available real estate to encourage them to open, expand or relocate businesses in the area. Site content is provided by REACH, a regional economic action coalition of public, private, and civic leaders from California’s Central Coast.

The web page highlights labor statistics, housing, taxes, population, community, revitalization efforts and growth potential. Contact information for local, regional and national business resources is also included.

The Property Locator feature is a robust database that allows users to search available sites, areas, layers, and demographics for any location in Atascadero. The population function shares information about age, gender, income, and education.

“Prospective business owners can now easily obtain information to make more informed decisions,” said Josh Cross, president and CEO of the chamber. “For example, Atascadero has an active population of 14,470 people and an unemployment rate of 4%. This source even shares talent percentages by occupation, from clerical and administrative support to food preparation and serving. »

According to the website, Atascadero has a total of 1,364 companies. In 2021, the top industries in Atascadero were health care and social services, retail, accommodation and food services, and construction.

Households in Atascadero earn a median annual income of $83,241, and 56.34% of households earn more than the national average each year. Household spending averages $75,660 per year, with the majority of income going to housing, transportation, food and beverages, health care and utilities.

According to the Atascadero Community Development Department, communities that work proactively on economic development create talent to fill local jobs and balance local homes and businesses so those employees can work. This translates to more places for these residents and workers to play, shop and enjoy life on the Central Coast.

Cross said there are several things that make Atascadero a growing economic center in northern SLO County. “Atascadero is in the midst of an economic recovery fueled by private investment. Restaurants and retail are attracting more and more visitors, and Chamber events such as the quarterly Art & Wine Tours and the Atascadero Lakeside Wine Festival help bring tourists in to shop. locally. We are excited to see new La Plaza construction companies and others driving economic development and providing amenities for visitors and residents.

Find additional details at atascaderochamber.org/economic-development or by calling (805) 466-2044.

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About the Author: News Staff

The A-Town Daily News press team wrote and edited this article based on local contributors and press releases. Scott Brennan is the editor of this journal and the founder of Access the publication. Connect with him on , Twitter, LinkedIn, or follow his blog. He can be contacted at scott@accesspublishing.com.

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The PEDi at the service of economic development https://watervalleychamber.info/the-pedi-at-the-service-of-economic-development/ Mon, 22 Aug 2022 23:41:25 +0000 https://watervalleychamber.info/the-pedi-at-the-service-of-economic-development/ KUALA PERLIS: Keluarga Malaysia’s Digital Economic Centers (PEDi) are more than just internet hubs as they can bring greater benefits to Malaysians and the country, says Communications and Multimedia Minister Tan Sri Annuar Musa (pictured). He said the centers would be a nationwide network that would drive increased app usage and broadband availability in a […]]]>

KUALA PERLIS: Keluarga Malaysia’s Digital Economic Centers (PEDi) are more than just internet hubs as they can bring greater benefits to Malaysians and the country, says Communications and Multimedia Minister Tan Sri Annuar Musa (pictured).

He said the centers would be a nationwide network that would drive increased app usage and broadband availability in a region and train audiences to become digital content creators.

“While we used to focus on connectivity, we are now shifting to using facilities to create content that will benefit Malaysians and our country,” he told reporters after presenting nomination letters. to the presidents of the PEDi in the State.

During his speech, he expressed hope that the centers would be catalysts and engage Malaysians in the digital economy, including those just starting out and young people in rural areas.

Bernama said he said the government had previously agreed to approve allocations of RM200 million to add 167 more centers across the country, and tenders for the construction of the centers were underway.

“The country needs to focus on applications so that citizens can use broadband services in areas that can generate income, change their lifestyle and help them create useful digital content,” he said. -he declares.

He hopes the appointed presidents will strive to provide training at all levels until citizens can create digital content that could benefit the public.

“Insya-Allah, in the future the centers will have their buildings which can be hubs capable of providing internet facilities within a radius of one kilometer,” he said.

Annuar said the issue is currently being investigated by the Malaysian Communications and Multimedia Commission (MCMC).

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Stock brokers reflect on agriculture and economic development https://watervalleychamber.info/stock-brokers-reflect-on-agriculture-and-economic-development/ Sun, 21 Aug 2022 23:44:28 +0000 https://watervalleychamber.info/stock-brokers-reflect-on-agriculture-and-economic-development/ By Chinwendu Obienyi In As part of its attempt to strengthen the link between the agricultural sector and the capital market, the Chartered Institute of Stockbrokers (CIS) has unveiled plans to hold its 26th Annual Stockbrokers Conference. This year’s conference themed: “Capital Market and Agricultural Development in Nigeria: Challenges and Way Forward”, will be held […]]]>

By Chinwendu Obienyi

In As part of its attempt to strengthen the link between the agricultural sector and the capital market, the Chartered Institute of Stockbrokers (CIS) has unveiled plans to hold its 26th Annual Stockbrokers Conference.

This year’s conference themed: “Capital Market and Agricultural Development in Nigeria: Challenges and Way Forward”, will be held in Benin City from Wednesday, September 7, 2022 to Friday, September 9, 2022. The conference will be declared open by the Executive Governor of Edo State, who is also a licensed stockbroker.

In a statement, the Institute said the conference theme was carefully chosen to provide a platform for experts to advise the federal government on how it can leverage the commodity market to push the the country’s gross domestic product (GDP) in double digits, ensuring food security, guaranteeing employment, eliminating banditry and terrorism.

“The Food and Agriculture Organization of the United Nations (FAO) says that agriculture is the foundation of the Nigerian economy, employing around 35% of the country’s population. The sector also contributes around a quarter of the country’s Gross Domestic Product (GDP) despite the presence of crude oil. Therefore, agriculture is a priority sector for the Nigerian capital market. Two companies in the agricultural sector, Okomu Oil Palm plc and Presco Plc, ranked among the biggest price risers on the NGX in recent times.

It is on this basis that the 2022 Annual Securities Dealers Conference shines its spotlight on agriculture, explores the link between the sector and the capital market as drivers of jobs and economic growth, and offers effective strategies to put Nigeria back on the path to double-digit growth. of gross domestic product (GDP) through agricultural development,” he said.

The high-profile event, which would attract senior government officials, regulators and capital market operators and captains of industry, would seek to address commodity trading and agricultural development in Nigeria, the cost of importing food with the negative effect on foreign exchange earnings, leveraging technology to drive capital market innovation and growth, advancing financial inclusion and capital market literacy in Nigeria, among others.

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Carlisle councilors will hear an update on the city’s economic development strategy https://watervalleychamber.info/carlisle-councilors-will-hear-an-update-on-the-citys-economic-development-strategy/ Sat, 20 Aug 2022 11:00:00 +0000 https://watervalleychamber.info/carlisle-councilors-will-hear-an-update-on-the-citys-economic-development-strategy/ COUNCILORS are expected to receive an update on work relating to Carlisle’s economic strategy, including the delivery of the Town Deal and Future High Streets Fund regeneration projects. The Carlisle City Council Square Committee is due to meet on Thursday September 1 and receive an update on the Economic Strategy Action Plan. READ MORE: Interactive […]]]>

COUNCILORS are expected to receive an update on work relating to Carlisle’s economic strategy, including the delivery of the Town Deal and Future High Streets Fund regeneration projects.

The Carlisle City Council Square Committee is due to meet on Thursday September 1 and receive an update on the Economic Strategy Action Plan.

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Overall Carlisle has successfully bid for £200m of government funding for regeneration and economic development and at the Place Panel in two weeks councilors will hear an update on the projects the investment is backing .

The strategy is designed to stimulate population and employment growth and underpins projects such as the Town Deal-funded redevelopment of the Sands Centre; the Borderlands regeneration of Carlisle Station, Longtown and the historic Citadels.

READ MORE: Anti Racist Cumbria reach awards final

Carlisle City Council’s economic strategy will be broken down into five pillars: quality housing supply, business space, connectivity, a high quality built and natural environment and a vibrant town centre.

Panel members will be invited to provide comments or feedback.

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Help Wanted: North Carolina Global Trans Park – Economic Development Region https://watervalleychamber.info/help-wanted-north-carolina-global-trans-park-economic-development-region/ Fri, 19 Aug 2022 07:34:00 +0000 https://watervalleychamber.info/help-wanted-north-carolina-global-trans-park-economic-development-region/ BRIEF OVERVIEW OF THE POSITION: Serves primarily as an existing industry specialist for the NCGTPEDR as an advocate and catalyst within the existing industry sector of the NCGTPEDR. Promotes the growth and expansion of established industries, encourages the development of new markets and supports the day-to-day operations of existing industry. Includes resolving any issues and/or […]]]>

BRIEF OVERVIEW OF THE POSITION: Serves primarily as an existing industry specialist for the NCGTPEDR as an advocate and catalyst within the existing industry sector of the NCGTPEDR. Promotes the growth and expansion of established industries, encourages the development of new markets and supports the day-to-day operations of existing industry. Includes resolving any issues and/or barriers to growth by helping to remove them through effective engagement with industry management and community leaders. Participates in NCGTP regional economic development activities. The main area would be the NCGTP and Lenoir County industries.

SPECIFIC TASKS: Administers all aspects of a retention and expansion program, which includes the following: implements ongoing and regular factory visits, prepares a weekly target for tracking and measurement. This includes monitoring potential risks of closures, management changes, employment increase/decrease, investment and future expansion plans. Maintains a database of information on all existing industries. This includes preparing year-end reports on trends and important information. Responsible for producing an annual salary and benefits survey. This involves obtaining a written response from HR managers and entering the data into a published document. Help with any expansion plan for existing industry. This includes acquiring properties, upgrading utilities, adding facilities, and hiring and training the workforce. Also includes participation in and dispatch of the inspection and authorization process. Responds to existing industry basic information requests. Solves existing industry problems. This includes immediate and successful resolution on behalf of the industry. May include working and coordinating with a variety of organizations, agencies, officials and personnel. Investigate and/or initiate any opportunities for existing industry assistance through grant, loan, and tax programs offered by local government, North Carolina State, and/or federal agencies/programs. Tracks all existing industry grants from local, state and/or federal sources ensuring that the necessary steps have been implemented for payment disbursements. Assist with press releases and other media relations for existing industry in coordination with NCGTP regional marketing person. Liaises with Lenoir/Wayne Community College regarding all training opportunities. This includes arranging meetings between existing industry representatives and Lenoir/Wayne Community College Assists groundbreaking and/or groundbreaking event representatives. Organize in coordination with the NCGTP regional team all existing industry seminars. Serve under the coordination of the Senior Vice President as the contact regarding workforce and workforce development issues. This includes participating in various ad hoc committees and coordinating with other bodies, i.e. transportation committee and apprenticeship program committees. Assist in the coordination and implementation of various existing industry events. This includes, but is not limited to, Lenoir County Manufacturers Luncheons, Regional Manufacturers Associations, and Roundtables in coordination with NCGTP Regional Vice Presidents.

OTHER: Performs related tasks as required. LIAISON DUTIES: Acts as primary liaison in coordination with NCGTP Regional Vice Presidents between existing industry and the following agencies/officials: Local Government Units/Lenoir County and City of Kinston Economic Development Partners of the North Carolina – Existing Industry Services NC Military Business Center NC Department of Transportation Utility Allies Small Business & Technology Development Center Lenoir/Wayne Community College Business & Industry Center Lenoir/Wayne Community College WORKS Coordinator NC Workforce Solutions NC Public School System.

DUTIES OF MEMBERS: Maintains active membership/relationships with the following organizations/programs: NC Economic Development Association NCGTPEDR Transportation Committee (and TCC) Works Advisory Committee and related subcommittees

EXPERIENCE, TRAINING & SKILLS: Bachelor’s degree in one of the following fields – Industrial Technology; Company; Economy; Communications or related equivalent – ​​OR – At least five years of experience in a field related to economic development, industry or business. Economic Development Institute graduate preferred. (Otherwise, the employee will need to take courses and graduate.) Proficiency in Windows operating systems and Microsoft Office programs (including Word, Power Point, Excel, Access and Publisher)

PHYSICAL REQUIREMENTS: Limited physical activity is required, but may include carrying supplies and other stationery around the office, carrying easels and bulletin boards, carrying shovels for a first shovelful of soil, carrying and transporting miscellaneous office items to and from offsite meetings, transporting a laptop and projector, and setting up office equipment for various meetings. Additionally, the walk around the factory and local industry grounds will be a weekly activity. Interested candidates should submit a cover letter and resume to Lashanda Hall, Director of Human Resources for Lenoir County Government via email (lashanda.hall@lenoircountync.gov) or mail to: Lenoir County ATTN: Lashanda Lobby PO Box 3289 Kingston, NC 28502

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Senator Blackburn leads conversation on manufacturing and economic development in Bristol | WJHL https://watervalleychamber.info/senator-blackburn-leads-conversation-on-manufacturing-and-economic-development-in-bristol-wjhl/ Thu, 18 Aug 2022 21:22:03 +0000 https://watervalleychamber.info/senator-blackburn-leads-conversation-on-manufacturing-and-economic-development-in-bristol-wjhl/ BRISTOL, Tenn. (WJHL) With the August recess underway in Congress, U.S. Senator Marsha Blackburn traded Washington DC for Bristol, Tennessee on Thursday. Senator Blackburn hosted a manufacturing conversation with business leaders, community stakeholders, and local and state politicians. “The people who keep the wheels turning in our communities,” Blackburn told the crowded room. Tennessee Economic […]]]>

BRISTOL, Tenn. (WJHL) With the August recess underway in Congress, U.S. Senator Marsha Blackburn traded Washington DC for Bristol, Tennessee on Thursday.

Senator Blackburn hosted a manufacturing conversation with business leaders, community stakeholders, and local and state politicians.

“The people who keep the wheels turning in our communities,” Blackburn told the crowded room.

Tennessee Economic and Community Development Commissioner Stuart McWhorter joined Blackburn to moderate the discussion.

Topics like the recently passed Inflation Reduction Act helped fuel the conversation. Blackburn voted no on the legislation. She says the components, including the addition of 80,000 more IRS agents and those tied to the Green New Deal, will hurt local businesses and the consumer. According to her, a law does nothing to bring down inflation.

“It’s added cost to your manufacturing sector and made it more difficult for them to produce a product that will be competitively priced in the marketplace,” Blackburn said.

For Northeast Tennessee, economic development is a major goal.

“This is a critical component to the success of the state in terms of the economy,” McWhorter said. When it comes to bringing new industries to the region, the conversation revolves around workforce development.

“As businesses continue to grow as they consider relocating or expanding, labor is at the top of the list,” McWhorter said.

Blackburn says meeting with local business leaders shows the vitality of the local economy and she calls the area’s growth “exciting.” “They see people choosing to leave these big blue cities where crime is high and they come to wonderful areas like this.”

With nearby Johnson City recently ranked as the 7th most popular ZIP code in the country, McWhorter says this helps the entire region and state attract new business.

“If this region receives these kinds of distinctions for housing, it is positive for us. It gives us another tool in our toolbox when we talk about certain parts of our states and the assets we have and why that would attract these companies to come, McWhorter said.

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Thua Thien – Hue and the AfDB sign a memorandum of understanding for inclusive and sustainable economic development | Company https://watervalleychamber.info/thua-thien-hue-and-the-afdb-sign-a-memorandum-of-understanding-for-inclusive-and-sustainable-economic-development-company/ Wed, 17 Aug 2022 14:02:00 +0000 https://watervalleychamber.info/thua-thien-hue-and-the-afdb-sign-a-memorandum-of-understanding-for-inclusive-and-sustainable-economic-development-company/ At the signing ceremony (Photo: ADB) Hanoi (VNA) – The People’s Committee of Thua Thien – Hue province and the Asian Development Bank (AfDB) in Vietnam signed a memorandum of understanding on August 17 (Protocol of agreement) on promoting a strategic partnership for inclusive and sustainable economic development. It is a framework agreement focused on […]]]>
At the signing ceremony (Photo: ADB)

Hanoi (VNA) – The People’s Committee of Thua Thien – Hue province and the Asian Development Bank (AfDB) in Vietnam signed a memorandum of understanding on August 17 (Protocol of agreement) on promoting a strategic partnership for inclusive and sustainable economic development.

It is a framework agreement focused on cooperation, aimed at helping Thua Thien-Hue achieve the socio-economic development objectives for the period 2021-2025, thus addressing the challenges facing the local economy by digital technology and accelerating the digital economy and digital society. .

The MoU covers content related to guiding principles of cooperation; objectives and areas of cooperation; establishment of a basis for strategic dialogue; development of joint action plans for projects; share knowledge, ideas and experiences and engage in dialogues with stakeholders.

Under the terms of the Memorandum of Understanding, the AfDB will organize periodic consultations with local authorities within the framework of the national program between the Ministry of Planning and Investment, the Ministry of Finance and the relevant ministries and sectors.

The AfDB will help Thua Thien – Hue effectively implement projects using the bank’s capital; and identify potential projects on urban transport infrastructure, adaptation to climate change, contributing to further improve living conditions; and the promotion of low carbon growth, the development of private sectors in the locality.

Thua Thien – Hue is one of the provinces of the central key economic region, a high-quality comprehensive education and training center, and an intensive medical center of the region and the country./.

ANV

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Economic Development Commission approval begins https://watervalleychamber.info/economic-development-commission-approval-begins/ Tue, 16 Aug 2022 01:35:18 +0000 https://watervalleychamber.info/economic-development-commission-approval-begins/ Swanton Village Council launched the approval process for a new Economic Development Commission in the village last week. The first reading of an ordinance establishing the commission was unanimously approved by the Council. The tasks of the commission would include making recommendations on matters relating to the enhancement of sound economic growth and business development […]]]>

Swanton Village Council launched the approval process for a new Economic Development Commission in the village last week. The first reading of an ordinance establishing the commission was unanimously approved by the Council.

The tasks of the commission would include making recommendations on matters relating to the enhancement of sound economic growth and business development in the village, examining opportunities to foster an attractive business climate, recommending additional steps and measures to promote economic growth and cooperation with elected officials and staff to achieve appropriate goals and objectives related to sound business practices and better employment opportunities.

Mayor Neil Toeppe said the commission received a letter of support from Dean Monske, president and CEO of the Regional Growth Partnership, and Matt Gilroy, executive director of the Fulton County Economic Development Corporation.

“If we can put together a story about the village, the spaces and places, where our opportunities are, where our resources are, we will have partners with whom we can share this information and who can tell our story. But if we don’t have a story to tell, neither do they.

The mayor would appoint three members of the commission. Additional members could be appointed by the mayor on an ad hoc basis depending on the needs of the commission. In addition, a Council member may be appointed for a one-year term.

The committee will consist of a maximum of five members.

Mike Jay, the vice president of the Regional Growth Partnership for Development, spoke ahead of the meeting, as did John Schmidt who had previously collected signatures in a bid to secure an economic development commission in the village.

Also at the meeting, Council approved the request for financial assistance for the improvement of Munson Road. Tim Brock of Poggemeyer Design Group recommended seeking funding for Munson Road instead of funding for Crestwood Drive, as Crestwood was not selected twice for funding.

“I have no problem applying for a grant. Munson Road which feeds the high school. So we would have traffic there,” said David Pilliod.

On the recommendation of the water and sewer committee, the council voted to reduce Foertmeyer & Sons’ monthly stormwater surcharge to $75 per month from $289.04. Foertmeyer & Sons submitted an engineering study to the village which showed that the property’s stormwater flows primarily into the Ai stream and not into the storm sewer.

The village is also working to resolve some issues with street names in the village. For example Forrester Drive is sometimes spelled with an R and sometimes two. Also, Lincoln Avenue is sometimes referred to as Lincoln Street.

Final patches will be approved later.

At the finance committee meeting, CFO Jason Vasko suggested increasing the salaries of village employees. He wasn’t looking for a yes or no answer from the Council members, but wanted to get a sense of the Council’s thoughts.

“My intention is not to destroy the budget that we have or to spend all our money,” Vasko said. “But one of the things that seems to be causing a lot of turnover in the village is our pay rates.”

The idea is to get a salary more in line with what Lucas County municipalities pay.

“We will have a better chance of keeping these people employed in the village and not taking a fire class and running away or working a year or two to get a water plant permit and move somewhere where they can get paid $5-7 more per hour.”

Councilor Dianne Westhoven said she had a whole list of questions related to a possible increase. “One of the things I was questioning was forecasting. How is it going to happen if we grant these increases. And that was quite significant,” she said.

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75 years of India’s socio-economic development before Independence Day celebrations: 10 points https://watervalleychamber.info/75-years-of-indias-socio-economic-development-before-independence-day-celebrations-10-points/ Sun, 14 Aug 2022 12:47:00 +0000 https://watervalleychamber.info/75-years-of-indias-socio-economic-development-before-independence-day-celebrations-10-points/ India prepares to celebrate its 75th Independence Day on Monday India is set to celebrate its 75th Independence Day on Monday. Ahead of India’s Independence Day, we take a look at the country’s progress in some socio-economic indicators over the years. Here is the socio-economic trajectory of India through 10 indicators: Gross domestic product Gross […]]]>

India prepares to celebrate its 75th Independence Day on Monday

India is set to celebrate its 75th Independence Day on Monday. Ahead of India’s Independence Day, we take a look at the country’s progress in some socio-economic indicators over the years.

Here is the socio-economic trajectory of India through 10 indicators:

Gross domestic product

Gross domestic product, the monetary measure of all goods and services produced in a country in a year, has risen from Rs 2.79 lakh crore (at constant prices) in 1950-51 to around 147.36 lakh crore in 2021- 22. The size of India’s GDP is more pronounced in US dollars.

India’s economy, which currently stands at $3.17 trillion, is expected to become the fifth largest in the world in 2022, according to reports.

Net national income per capita

The net national product is the depreciation deducted from the gross national product (GDP + income from foreign sources). India’s net national income per capita has increased from Rs 12,493 in 1950-51 to Rs 91,481 in 2021-22 (provisional estimates).

Total income

The Centre’s total revenue – these do not create any liabilities or result in any reduction in government assets – has increased from Rs 171.15 crore in 1947-48 to Rs 20,78,936 crore in 2021-22 , according to this year’s revised budget estimates.

Foreign exchange reserves

India’s foreign exchange reserves increased from Rs 911 crore in 1950-51 to Rs 45,42,615 crore on August 5, 2022. The latest figure includes India’s special drawing rights and IMF reserve position.

Currently, India has the fifth largest foreign exchange reserve in the world.

Trade

In 1950-51, India’s nascent foreign trade amounted to Rs 1,214 crore, with imports slightly exceeding exports. After India’s economic liberalization, the trade deficit widened considerably.

In July 2022, foreign trade (goods and services) amounted to more than 143 billion dollars. However, the overall trade deficit stood at $21 billion, with imports far exceeding exports.

Production of food grains

Foodgrain production in India is a success story, thanks to the green revolution of the late 1960s and early 1970s. In 1950-51, foodgrain production was 50.8 million tons, which increased to around 316.06 million tonnes in 2021-22.

According to the Food and Agriculture Organization of the United Nations (FAO), India is a leading producer of milk, pulses and jute, rice, wheat, sugar cane, d peanuts, vegetables, fruits and cotton.

Literacy rate

India’s literacy rate has risen from just 18.3% in 1951 to 77.7% in 2017-2018.

It is worth noting the substantial increase in the female literacy rate – from just 8.9% in 1951 to 70.3% in 2017-2018.

The increase in the literacy rate is also linked to the growth of educational institutions across India. From just over 2,000 primary and higher primary institutions in 1951, India had over 14,000 registered schools in 2015-2016.

In higher education, India had 578 colleges and 27 universities in 1951. This increased to 760 universities and 38,498 colleges in 2015-2016.

sex ratio

India’s sex ratio – the total female population per 1,000 males – stood at 946 in the 1951 census. In 2021, the sex ratio was 1,020 females per 1,000 males, which places l India on par with several developed countries.

Significantly, the Fifth National Family Health Survey found that the sex ratio was better in rural areas than in urban areas.

Defense budget

As an emerging power, India’s defense budget has grown exponentially since 1947.

India’s defense budget was Rs 92.74 crore in 1947, which is 46% of the total budget expenditure.

This figure rose to Rs 5,25,166 crore in the 2022 budget, constituting 13.3% of government expenditure in 2022-23.

Telephone connectivity

At the time of independence, India had over 80,000 telephone connections.

Seventy-five years later, the total number of telephone subscribers in India stood at 117 crores in May 2022.

However, India’s greatest achievement has been its vast and rapidly growing Internet connectivity. As of January 2022, India’s internet penetration rate was 47%, covering over 65.8 million people.

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Expanded access to solar power in Africa can boost economic development – ​​but there are risks https://watervalleychamber.info/expanded-access-to-solar-power-in-africa-can-boost-economic-development-but-there-are-risks/ Fri, 12 Aug 2022 15:21:56 +0000 https://watervalleychamber.info/expanded-access-to-solar-power-in-africa-can-boost-economic-development-but-there-are-risks/ United Nations Sustainable Development Goal 7 aspires to ensure access to affordable, reliable, sustainable and modern energy for all by 2030. But in Africa, about 600 million people continue to live without access to electricity. Seeking to reach as many of these people as quickly as possible, African governments are signing deals with foreign companies […]]]>

United Nations Sustainable Development Goal 7 aspires to ensure access to affordable, reliable, sustainable and modern energy for all by 2030. But in Africa, about 600 million people continue to live without access to electricity. Seeking to reach as many of these people as quickly as possible, African governments are signing deals with foreign companies to provide off-grid solar products to millions of homes.

The British company Bboxx, for example, has a OK with the government of the Democratic Republic of Congo to provide solar home systems (SHS) to 10 million citizens by 2024. SHS consist of one or more panels, usually installed on the roofs of houses, capable of providing up to at 300 watts of power. This is enough to power laptops, televisions, LED lights and, in some models, refrigerators and the kitchen.

This process is based on the belief that expanded access to off-grid solar energy can drive economic development by boosting household incomes. According to the African Energy Commission, the process “raise hundreds of millions of people” out of poverty.

Do these claims stand up to questioning?

Increased income, increased risk

In a recent study, Patrick Lehmann-Grube, independent researcher, and I reviewed 56 papers on the impact of access to off-grid solar energy on household incomes in Africa. Initially, the available evidence appears to provide strong support, with almost all articles finding a positive effect.

This was largely based on the discovery that SHS allowed local stalls and kiosks to stay open longer by operating beyond dark. The testimony of a Kenyan fruit and vegetable vendor is typical. After adding an SHS, she said she could add “an additional two hours of trading each day.” In all studies, working extra hours increased household income by around US$20-40 (£17-33) per month.

Greater capacity for worker self-exploitation

Existing studies generally cite longer working hours as a marker of economic progress. However, this finding is ambiguous since the increase in income here requires a greater capacity for self-exploitation. Given the physical limits to the length of a working day, these observed increases can only lead to limited economic gain.

For economic development to be strengthened and sustained, it must be part of a process of increasing productivity. This should be achieved by an increase in output per unit of labor time – not simply through people working more hours or more people working – and supported by capital accumulation.

Existing studies tend not to focus on these dimensions, leaving the true economically transformative nature of off-grid solar products unclear. The low energy capacity of SHS should nevertheless caution against any great enthusiasm that they can generate such transformative economic progress.

Short-term gains, long-term losses?

The shift of energy supply through SHS away from centralized public governance to a privatized model has also, in many cases, shifted the financial burden of maintenance onto local communities. Several studies have noted that maintenance costs for off-grid solar products often exceed what rural households and communities can afford.

Yet most studies focus on short-term impact, typically within two years of a household or business gaining access to off-grid solar power. However, short-term income gains will prove to be wasted in the future if communities are unable to maintain the equipment.

Several studies have also documented the recent introduction of a pay-as-you-go model. The model aims to extend low-power solar products to low-income rural African households, who are often unable to afford the full upfront cost. Already, pay-solar companies are starting to push a range of other products to their customers, such as irrigation pumps and equipment rental.

This gives another note of concern, because studies on financial technology (or fin-tech) services have demonstrated their frequent association with rising indebtedness. Debt constrains rather than frees households, a process not conducive to economic development.

Solar mini-grids are capable of powering entire rural communities or urban suburbs.
Sebastien Noethlichs/Shutterstock

Can off-grid solar still drive economic development?

One solution to the limited economic impact of increased access to SHS would be to focus on providing mini-grids. Capable of powering entire rural communities or urban suburbs, to research demonstrates that they support a much wider range of activities, extending to productive and industrial use.

Another path will be to develop the national capacity for the design and manufacture of off-grid solar energy. This has the potential to generate productive employment and help stimulate a change towards industrial development.

Here, Kenya was a forerunner through the selective use of a strategic industrial policy. Many other countries, such as Nigeria, Ethiopia, Tanzania and Rwandaseek to follow suit.

Existing studies have proven adept at identifying households that appear to have benefited financially from access to off-grid solar energy through increased income. But they were less attentive to the disadvantages.

In addition to growing indebtedness, these include the more general processes of polarization, marginalization and exclusion that inevitably accompany any process of capitalist economic development.

If, like the Brazilian economist Celso Furtado wrote oncecapitalist development is “an accumulation-based process of reshaping social relations,” future research would do well to focus on how social relations are reshaped by off-grid solar expansion – and with what consequences.

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