Editor's Desk

The RBI-funded India KLEMS project (a co-ordination between RBI and ICRIER) is a relatively new initiative for measuring Productivity. As part of an ongoing global initiative to develop an internationally comparable database, the KLEMS (Capital, Labor, Energy, Material, and Services) Framework examines the growth performance of 31 sectors (agri, industry and services) during the period 1980-2005, divided into 4 subperiods.

The study finds that the deceleration in GDP to 5.7%YoY during 1997- 2005 from 6.5% during 1992-97 can be explained by a

In Part-1, we have already discussed the Value Proposition and the Strategy behind building GIFT on the banks of Sabarmati. The site is about 12km from Ahmedabad International Airport and 8km from Gandhinagar close to Ecopolis Knowledge City. Land allocated for the project is 663 acres, entailing development of 62msf (plus 12msf below the ground). Of this, 250 acres is earmarked for SEZs and the balance will be for domestic operations.

GIFT is a Public Private Partnership venture with Government of Gujarat) owning 50% of shareholding and

GIFT (Gujarat International Finance Tec-City) is positioned as an International Finance Center with a strategic location (Gujarat accounts for 30% of India’s market cap) and world class infrastructure. The Master Plan for the 62msf project is complete. The initial phase of 4msf is targeted to be completed in 2012. The target segment is core financial services, IT/ITES for financial services and also capital market and trading. IL&FS has signed up as the anchor tenant. Initial rentals are at Rs50-55/sf per month.

Gujarat Chief Minister Narendra Modi’s objective behind GIFT is