The growth rate of agriculture was three per cent and that of manufacturing was 4.5 per cent during the first three decades after independence. The growth rate for agriculture has slipped to 2.8 per cent while that for manufacturing has increased to 6.4 per cent during the last 15 years. Farmers continue to commit suicides across the country. The groundwater level is declining. The country has to import wheat, edible...
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Southwest Monsoon likely to be normal
Precipitation is likely to be 98 per cent of long-period average Rainfall is likely to be lower because of a weak El Nino condition A weak La Nina may developing by July or August The India Meteorological Department on Friday issued its first-stage, long-range forecast for the Southwest Monsoon. It is likely to be “normal,” with a precipitation of 98 per cent of the long-period average (LPA), with a model error of plus...
More »India's food, fuel inflation tick up
India's annual food and fuel inflation quickened in the week to April 10, putting upside pressure on the headline inflation and central bank to take action before its next policy review in July. The food price index rose 17.65 percent in the 12 months to April 10, marginally higher than an annual rise of 17.22 percent in the previous week. The fuel price index rose 12.45 percent in the 12 months to...
More »64 mn more poor, hungry people this year
The impact of global recession will force an additional 64 million people across the world to live in extreme poverty by 2010, warns the World Bank. The economic crisis and recession have substantially increased the challenge of meeting the Millennium Development Goals (MDG) targets, according to the World Development Indicator (WDI) 2010 released by the World Bank on Tuesday. In contrast to the record growth in 2000-07, the global economy grew only...
More »India booms but poor still hungry, malnourished
The government is spending billions of dollars on welfare schemes, and plans even more this year. But that is news to Poona, whose daughter may soon die from that stain on India's growth story -- malnutrition. Poona, who married at 14 and breaks quarry stones for a living, shielded her daughter's sunken face from a harsh summer sun with her blue sari. She does not know Urmila's weight, but the...
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