Changes
/* India: Financial trends */
* GDP growth is projected at 6% and higher for the coming decades, making India the fastest-growing large economy in the world
[[Image:PersFin GDP Growth.jpg|thumb|center|400px|GDP growth in India]]
=== Foreign Direct Investments ===
* Foreign Direct Investment inflows are rapidly growing in India and have reportedly reached an all-time high of $7 billion last year, doubling from just 6 years ago
[[Image:PersFin FDI India.jpg|thumb|center|400px|Foreign Direct Investments in India]]
[[Image:PersFin Microfinance.jpeg|thumb|right|200px|Microfinance is a major trend in India]]
=== Credit ===
* Innovative concepts, such as a [http://epaper.timesofindia.com/Repository/ml.asp?Ref=VE9JQkcvMjAwNi8wOC8wOCNBcjAxNTAz&Mode=HTML&Locale=english-skin-custom mobile ATM machine] are being tried out at the moment.
[[Image:PersFin Rural ATM.jpg|thumb|center|400px|[http://epaper.timesofindia.com/Repository/ml.asp?Ref=VE9JQkcvMjAwNi8wOC8wOCNBcjAxNTAz&Mode=HTML&Locale=english-skin-custom State Bank of India/Microsoft experiment for rural ATM was tested with 20,000 villagers in 5 villages]]]
=== Microfinance ===
* 1.4 million microfinance groups in India
* Over 20 million members for microfinance groups
* According to [http://www.uncdf.org/english/microfinance/newsletter/pages/2005_06/news_india.php one estimate], 30 million non-agricultural enterprises and 50 million landless households in India collectively need approximately $30 billion credit annually
* Microfinance is growing in South India, which contrasts with the stagnation in Eastern, Central and North Eastern India
* Downside: Microfinance involves very high transaction costs given the small amounts of money involved for each loan, which necessitates high transaction costs
=== Reimbursements ===
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* [http://timesofindia.indiatimes.com/NEWS/India/Trillion-dollar_investment_hope_spurs_govt_into_action/articleshow/889333.cms India receives $23 billion a year in foreign remittances]
=== Payments ===
