-The Economic Times The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone. But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...
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Raise income, lower inequality by Subir Roy
India’s disappointing human development status is well known. It is a virtual tailender among the newly emerging BRICS economies – Brazil, Russia, India, China and South Africa – which are expected to become the engine of global economic growth as the developed countries slow down. What is more serious is India’s status in its region. Not only is it well behind the long-term regional leader in development, Sri Lanka, it...
More »A wake-up call
-The Business Standard Latest HDR a poor report card for India The good news from the Human Development Report, or HDR, for 2011 is that India’s rank – 134 out of 187 – has remained unchanged. If we look at countries relevant to India – fellow BRICS members (Brazil, Russia, China and South Africa) and India’s neighbours (Bangladesh, Pakistan and Sri Lanka) – four have held their positions and three countries have...
More »Steady rise in HDI value but not fast enough to pull all of India up
-Express News Service The Human Development Report (HDR), 2011 released today has ranked India at 134th among 187 countries in the Human Development Index (HDI). With an HDI value of 0.547 — where 1 is the highest and zero lowest — India fares worse than the average global value of 0.682, and compares with the HDI value of 0.548 for the South Asian region. Norway sits on top of the pile. India has,...
More »Gender gap divides India from the rest
-Express News Service For a country making strides as an emerging economic power, gender inequality remains an area where it compares poorly with the rest of the world. India is placed 129th among 146 countries in terms of GII, or gender inequality index, far behind neighbouring Sri Lanka at 74 and lagging most other countries in the region. Bangladesh, Nepal and Pakistan are ranked 112, 113 and 115 in terms of this...
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