The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...

Conditional cash transfers” (CCTs) are a new buzzword in policy circles. The idea is simple: give poor people cash conditional on good behaviour such as sending children to school. This helps to score two goals in one shot: poor people get some income support, and at the same time, they take steps to lift themselves out of poverty. CCT enthusiasm, however, is often based on a superficial reading of the Latin...

India spends more on programs for the poor than most developing countries, but it has failed to eradicate poverty because of widespread corruption and faulty government administration, the World Bank said Wednesday. “India is not getting the ‘bang for the rupee’ that its significant expenditure would seem to warrant, and the needs of important population groups remain only party addressed,” John D. Blomquist, lead economist at the World Bank, wrote in...

50 lakh tonnes of rice and wheat for all States/Union Territories at BPL prices Need to strike a balance between excess procurement and storage: Justice Bhandari ‘Whatever you procure, store it properly. The rest you can distribute to starving people' Responding to the concern expressed by the Supreme Court over malnutrition and starvation deaths, the Centre on Tuesday informed it of the decision to make an additional allocation of 50 lakh tonnes of...

India plans to increase its allocation for health to 2%-3% of its GDP over the next five years. Public spending on health was 0·94% of the gross domestic product (GDP) in 2004–05, which was among the lowest in the world. Private expenditure on health in India is about 78% as compared to 14% in the Maldives, Bhutan (29%), Sri Lanka (53%), Thailand (31%) and China (61%). Union health minister Ghulam Nabi Azad on...