Real wages in the hinterland have stagnated despite zooming economy While the economy has zoomed along at an average of 7.2% of GDP in the last decade, real wages in the hinterland have stagnated. You would imagine that after a decade of impressive economic growth averaging around 7.2 per cent, rural populations would be beneficiaries to this story. However, wage patterns considered over the last ten years show that real wages (wages...

As a national debate rages over the Indian poverty line, in the heart of Bandra, one of Mumbai’s richest suburbs, in a shanty with barely enough standing space for two adults, three-year-old Priya Doiphode, clad in a red tee shirt, lies listless on a string bed. Priya is one of the 83,243 children in Mumbai who are malnourished, according to government data, a statistic that makes Mumbai the most malnourished...

-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...

What has changed since the economic reforms began? Many things. No waiting for years for a telephone connection, now cell phones with everyone. From three makes of cars with wind-down windows to dozens of makes, all air-conditioned. From one domestic airline, government owned and for the rich, to many private carriers for the middle class too. What has also changed is the knocking on the window. There are many more rich people...

The basic problem with the Approach Paper, as with its predecessor, is that its theoretical paradigm is wrong. WHAT used to be said of the Bourbon kings of France applies equally to the Indian Planning Commission: “They learn nothing and they forget nothing.” The Approach Paper to the Twelfth Five-Year Plan gives one a sense of déjà vu. It is hardly any different from the Approach Paper to the previous Plan...