The Survey of India in Dehradun, the Indian Institute of Advanced Studies in Shimla, and the National Library of India in Kolkata have been without a chief for over a year. But administrative life goes on.
When half of all consumers are trapped in a low-productivity agrarian economy, exposing them further to agricultural price volatility would be criminal.
UCBs accounted for 1.8% of total industry credit in September 2025—down from 2.2% five yrs ago—showing that they are losing ground to faster PSU banks.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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