Demonstrates very high levels of social capital, but overall ranking brought down by low levels of education, internal security and health LONDON, October 26, 2009 – The third edition of the Legatum Prosperity Index, published on 26 October, 2009 ranks 104 countries (covering 90% of the world’s population), based on a definition of prosperity that combines economic growth together with measures of happiness and quality of life. According to this year’s Legatum...

The philosophy of self-aggrandisement defies social logic. Seven leading banks in the United States of America had last year incurred an aggregate loss of $82 billion; the chief executive officers of these banks nonetheless claimed and collected annual bonus to the extent of $38 billion. The Economy might lie in ruins; that did not distract sharks from zooming in on their prey. Our corporate sector has shaped itself in the...

The country’s kharif foodgrain production is expected to decline to 98 million tonnes this year from 117.7 million tonnes produced in kharif 2008, Centre for Monitoring Indian Economy (CMIE) said here. “Decline in acreage and expected fall in yield will lead to a 16% drop in kharif foodgrain production. It is expected to fall to 98 million tonnes from 117.7 million tonnes produced in kharif 2008,” CMIE said. The kharif...

* Secondary education is critical in breaking the intergenerational cycle of poverty. * The number of secondary school students is expected to increase from 40 to 60 million over the next decade. * India needs to prepare now for this expansion and improve the quality of secondary education provided. In today’s global knowledge Economy, education plays a vital role in determining a country’s economic growth and its people’s standards of living. Importantly,...

Four disturbing trends that need tackling are food adulteration, drug counterfeiting, environmental degradation and corruption The strong and sustained growth of the Indian Economy over the last 17-18 years has delivered many very creditable outcomes for its people at large. While a lot more needs to be done on a sustained basis for many more decades if the growth has to be truly inclusive for all Indians, this should not...