-PTI Triggering a fresh debate in the context of the brutal gangrape in Delhi and youth protests that followed, President Pranab Mukherjee on Friday raised a question whether the country's legislature reflects emerging India or does it need radical reforms. Asking whether corruption has overtaken morality in life, he said elected representatives must win back people's confidence and the anxiety and the restlessness of the youth has to be channelised towards change...

-The World Bank It is generally thought that two groups are the big winners of the past two decades of globalization: the very rich, and the middle classes of Emerging Market Economies. The statistical evidence for this has been cobbled together from a number of disparate sources. The evidence includes high GDP growth in Emerging Market Economies, strong income gains recorded for those at the top of the income pyramid in the...

-Oxfam Blog As Oxfam’s two week online debate on the future of agriculture gets under way, John Ambler of Oxfam America imagines how it could all turn out right in the end. It is now 2050.  Globally, we are 9 billion strong.  Only 20% of us are directly involved in agriculture, and poor country economies have diversified.  Yet we all have enough food.  Technological innovation has played its part, but increased production...

-Live Mint The solutions to India’s growth problems require a more holistic approach Whether rightly or wrongly, there is a growing critique of India’s current development strategy: of a top-down, trickle-down theory that rides on an extraordinary growth momentum. They are disparate, but when the dots are connected they do present a coherent reminder that this strategy may not be the best and, worse, it is not sustainable. To a large extent this...

-Live Mint Decline came as labour productivity grew 7.6%; wage growth remains far below pre-crisis levels globally  India’s real wages fell 1% between 2008 and 2011, while labour productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...