Agricultural wages have been galloping upwards for six years, rising much faster than prices. So, the living standards of rural labourers, the poorest of the poor, have improved at a record pace (6.8% real growth per year since 2007-08 ). […]
Growth improves wages more than MNREGA Read More »
Many fear that the proposed land acquisition Bill will greatly harm economic progress through skyrocketing land prices, rewarding speculators while eroding India\’s global competitiveness. Fortunately, the government has now accepted an opposition suggestion to make long land leases an alternative
The price of gold, oil and many other commodities crashed last week. The stock markets zoomed and economists smiled, suddenly seeing positive consequences in three areas — inflation, the trade deficit and the fiscal deficit. These three factors had earlier
Manna from heaven, or a new recession? Read More »
The Indian price of gold has risen sixfold in the last decade, fuelling a record speculative import spree. Soaring gold imports have hit $42 billion in the first ten months of 2012-13 , pushing the current account deficit to near-disaster
Gold: The party\’s over Read More »
The Indian price of gold has risen sixfold in the last decade, fuelling a record speculative import spree. Soaring gold imports have hit $42 billion in the first ten months of 2012-13 , pushing the current account deficit to near-disaster
Gold: The party\’s over Read More »
The Supreme Court’s denial of a patent for Glivec, an anti-leukaemia drug made by Novartis of Switzerland, has been widely but wrongly hailed by NGOs and castigated by pharmaceutical companies as an attack on patents and a victory for cheap
West should learn from India’s high patent standards Read More »
Different states have different strategies to combat Maoism, which still produces violence in 80 of India\’s 620 districts. Chhattisgarh has used quasi-military force and created an anti-Maoist militia, SalwaJudum, which is widely criticised for violating human rights. Andhra Pradesh has
Can growth tame Maoists? Read More »
The Census Commissioner has released a new report showing that 64 million people, representing one in six urban residents, live in slums with unsanitary conditions “unfit for human habilitation.” This has caused much moaning and groaning. But conditions are far
Slums are hubs of hope, progress and dignity Read More »
At a massive Delhi rally, Bihar chief minister Nitish Kumar boasted of the state\’s major achievements after he assumed power, and proclaimed a Bihar model of development for others to follow. If we view development as a sort of Olympics,
Bihar: Champion athlete does not need steroids Read More »
Bihar, Odisha, Chhattisgarh and Madhya Pradesh, once derisively called Bimaru states, have suddenly started growing much faster than the national average. They have followed widely divergent paths to success, which need elucidation. In 2011-12, national GDP growth was 6.21%. But
Lessons in good governance from former \’Bimaru\’ states Bihar, Odisha and Chhattisgarh Read More »
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