Poverty is declining, rural prosperity is booming and even low-income households are increasingly buying consumer durables. This good news comes from by the biggest consumer survey of recent times, conducted in 1992-93 by the National Council of Applied Economic Research […]

Gandhi Jayanti this year will mark the 125th birth anniversary of Mahtama Gandhi, the father of the nation. What would he have thought of the liberalisation of the economy?? I am certain he would have welcomed it, since he was

The Cairo population conference is a good occasion to announce some good news. India is currently enjoying a major breakthrough in curbing population. Most Indians will find this incredible. Despite many decades of family planning, the country\’s population has been

The Cairo population conference is a good occasion to announce some good news. India is currently enjoying a major breakthrough in curbing population. Most Indians will find this incredible. Despite many decades of family planning, the country\’s population has been

Does democracy help or hinder economic growth? The miraculous growth of Taiwan, Hong Kong, Singapore, Korea and now China have led many to believe that a benevolent dictatorship is best for economic prosperity. However, recent research by top economists like

For both its critics and advocates, foreign investment has usually meant industrial investment. This is a narrow, increasingly obsolete approach in a world which is inexorably shifting from manufacturing to services, in both rich and poor countries. In India, the

It is now the 50th anniversary of the Bretton Woods meeting which created the World Bank and the International Monetary Fund. Even as the organisations themselves are celebrating the event, there has been an astonishing joining of hands by the

Are intellectual property rights (IPR) good or bad for farmers? A good answer can be found by treating this as a chicken and egg question. Much has been written about the green revolution in grain. But a much bigger revolution

When India embarked on its economic reforms in 1991, leftist critics claimed the doors were being opened for the re-colonisation of India by a new version of the East India Company. They warned that the US multinationals would become instruments

Many young idealists condemn the energy guzzling of our consumerist age, which burns fossil fuels and causes pollution and global warming. Many hark back with nostalgia to the good old pre-industrial days of organic farming. I agree that we waste