Jill Ward Bloomberg

Almost 40 per cent of firms say they've struggled to recruit the right staff in the past year, and more than a third of those say a reason is that UK citizens are unwilling to do the jobs, according to the Federation of Small Businesses.

The U.K.'s plans to tighten immigration could hurt small businesses, who can't find local workers as it is and will soon face tough restrictions on hiring from the European Union.

Raghuram Rajan has delivered some uncomfortable economic truths in a career spanning the International Monetary Fund and powerful positions in India.

The effects of unbridled urbanization are inescapable in New Delhi. Smog blankets landmarks like India Gate in winter, delaying flights at the airport due to poor visibility. Traffic jams are part of the daily routine and slums abut New Delhi's luxury hotels and private mansions, testifying to a growing wealth divide and chronic housing shortage.

India now is home to about 1.5 million battery-powered, three-wheeled rickshaws - a fleet bigger than the total number of electric passenger cars sold in China since 2011. But while the world's largest auto market dangled significant subsidies to encourage purchases of battery-powered cars, India's e-movement hardly got a hand from the state.

A year after the bullet train project was kicked off, only 0.9 hectares of land have been acquired out of the 1,400 hectares needed, according to the government company leading the project.

Almost 40 per cent of firms say they've struggled to recruit the right staff in the past year, and more than a third of those say a reason is that UK citizens are unwilling to do the jobs, according to the Federation of Small Businesses.

The U.K.'s plans to tighten immigration could hurt small businesses, who can't find local workers as it is and will soon face tough restrictions on hiring from the European Union.

Raghuram Rajan has delivered some uncomfortable economic truths in a career spanning the International Monetary Fund and powerful positions in India.

The effects of unbridled urbanization are inescapable in New Delhi. Smog blankets landmarks like India Gate in winter, delaying flights at the airport due to poor visibility. Traffic jams are part of the daily routine and slums abut New Delhi's luxury hotels and private mansions, testifying to a growing wealth divide and chronic housing shortage.

India now is home to about 1.5 million battery-powered, three-wheeled rickshaws - a fleet bigger than the total number of electric passenger cars sold in China since 2011. But while the world's largest auto market dangled significant subsidies to encourage purchases of battery-powered cars, India's e-movement hardly got a hand from the state.

A year after the bullet train project was kicked off, only 0.9 hectares of land have been acquired out of the 1,400 hectares needed, according to the government company leading the project.