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India ranks near bottom on inclusive growth, development: WEF

-PTI 'No country is a top performer in every sub—pillar' Geneva: India has been ranked very low, mostly in the bottom half, globally on most of the parameters for inclusive growth and development even as it fares much better internationally when it come to business and political ethics. In a first of its kind global rankings, across different groups of countries in terms of their per capita income levels, the World Economic Forum...

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It’s obvious there’s a hidden motive -Vijoo Krishnan

-The Hindu Business Line The CPI(M) has many questions for Arun Jaitley on the land ordinance, including where food will be grown Arun Jaitley is clearly seeking to defend the indefensible. What he claims are the obvious answers actually seek to camouflage the hidden intent with which the BJP government brought the ordinance, not once but thrice in succession. The first question to Jaitley is why he as the leader of the House...

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Rethinking reservations and ‘development’ -Indira Hirway

-The Hindu Across the country, unless adequate jobs are created for the large labour force, the frustration of the youth is not likely to be contained. In Gujarat, the Patels or Patidars, who constitute about 15 per cent of the State’s population, are an economically and politically dominant upper caste. As successful farmers, as small and big industrialists, as traders as well as non-resident Gujaratis, spread practically all over the world, they...

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Is inequality in India here to stay? -Vamsi Vakulabharanam

-Al Jazeera Prime Minister Narendra Modi is unlikely to narrow the gap between Indian elites and the rest of the population India has experienced a significant economic growth spurt in recent decades. After seeing annual growth of 3 percent in the years after independence in 1947, the rate began to double, reaching a rate of around 6 percent per year after 1980. However, the distribution of growth proceeds has been very uneven...

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5 million jobs lost during high-growth years, says study

-PTI NEW DELHI: As many as five million jobs were lost between 2004-05 and 2009-10 — paradoxically during the time when India's economy grew at a fast clip — an Assocham study said. This has put a question mark on whether economic expansion should be linked to job creation, according to the study. Moreover, it observed that over-emphasis on services and neglect of the manufacturing sector are mainly responsible for this "jobless growth"...

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