South Asia in general and India in particular have the dubious distinction of standing out for wrong reasons every time a new global poverty report is released. We not only have the largest number of underweight children, a very high maternal mortality rate and the world’s highest number of out of school children but we also top the global malnutrition chart. (See links below for more details)  However the 2011 United...

Cracks have developed among India and three other developing countries on accepting legally binding emission cuts at the climate change summit here, with Minister of State for Environment and Forests Jairam Ramesh saying there is concerted pressure on the country and China to accept such cuts.“There are differences within BASIC [Brazil, South Africa, India and China]. India and China are united on this issue. Brazil and South Africa are united,”...

The Labour Bureau recently released its first report on employment in the country. Till now, job estimates have usually been available in the employment-unemployment surveys of the National Sample Survey Organisation (NSSO). The most recent of these is the 64th round (2007-08), preliminary results of which were reported in this column on 20 July. The 64th round estimates were disappointing, with annual employment Growth during 2004-05 and 2007-08 at 0.8...

Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...

Pawan Goenka noticed something unusual last year—tractor sales were climbing even though India had its worst monsoon in more than three decades and farm output dropped 2.8% in the three months to December last fiscal. The umbilical cord that tied rainfall patterns and tractor sales seemed to have been ruptured. The president of auto and tractor maker Mahindra and Mahindra Ltd offers an interesting explanation to this puzzle: growing labour shortages...