-PTI   India has become "less equal over time" and earningsinequality in the country has increased significantly since the early 1990s, Paris-based think tank OECD said today. The observations are a part of OECD's report focusing on inequality patterns and related policy challenges in the emerging economies of India, China, Argentina, Brazil, Indonesia, Russia and South Africa The Organisation for Economic Cooperation and Development (OECD) is a 34-member grouping of mostly advanced nations, that...

-The Times of India   Inequality in earnings has doubled in India over the last two decades, making it the worst performer on this count of all emerging economies. The top 10% of wage earners now make 12 times more than the bottom 10%, up from a ratio of six in the 1990s. Moreover, wages are not smoothly spread out even through the middle of the distribution. The top 10% of earners make...

Farmers are joining India Inc in mind, body and spirit. In a quiet revolution underway across the countryside, growers are setting up companies, replete with balance sheets, professional CEOs, board of directors, and income tax returns.  By pooling together the land and produce of their shareholders, these companies are signing lucrative deals with large retail chains, food companies and exporters keen to establish reliable supply chains. As many as 200 companies...

The 11th five-year plan promised the nation “inclusive growth”. It marked a departure from the earlier official position that the “benefits of growth” would automatically “trickle down” to the poor, and that if growth was not actually benefiting the poor, then the reason lay in its not being high enough. The 11th plan, by contrast, conceded that the “benefits of growth” did not automatically “trickle down”, but argued that growth...

India ranks a dismal 134 among 187 countries in terms of human development index in the UNDP's latest Human Development Report. Against this bleak backdrop, the bugle of caution is rightly sounded by the United Nations Development Programme (UNDP) in its latest Human Development Report (HDR), released in Copenhagen on November 2 jointly by Danish Prime Minister Helle Thorning-Schmidt and UNDP Administrator Helen Clark. As the international community is busy preparing...