In June 1991, the country embarked on a bold adventure by exposing to market vicissitudes its insulated manufactories, regulated (but pockmarked with soft spots) financial markets and inexperienced economic players. An economy, in those days, was about people, not giant factories and ships with riches. Though successive governments have secured the reformative underpinnings of the liberalisation process, it is to the credit of players in India that the sublime quest...

In most organisations, those who are the biggest funders are also the ones with the biggest say in their running. In the case of the World Health Organisation (WHO), on the face of it, there seem to be two entities making the biggest voluntary contributions, the US government and the Bill and Melinda Gates Foundation. But a closer look at the list of voluntary contributors suggests that the Gates Foundation...

The steady progress of the monsoons ought to refocus policy attention on India's deeply stressed water economy . There are fast rising demands on water resources generally, together with poorly governed supply systems, with the result that overall balances are precarious. What is worse, there's increasingly reckless mining of groundwater, and aquifer depletion is concentrated in many of the most populated and economically significant areas. Now, we have a highly...

India lives in its villages, Gandhi said. But increasingly, the people of India are dying on its roads. India overtook China to top the world in road fatalities in 2006 and has continued to pull steadily ahead, despite a heavily agrarian population, fewer people than China and far fewer cars than many Western countries. While road deaths in many other big emerging markets have declined or stabilized in recent years,...

In a move expected to boost rural incomes but which will also impact retail prices, the government is set to raise minimum support price for the kharif season's rice crop from Rs 950 to Rs 1,050 a quintal while MSP for pulses is set to jump by between Rs 400-500. The rise in procurement price of pulses is seen as a significant bid to encourage cultivation of foodgrains that are...