It’s been often asked why our officialdom, with all the intellectual capital at its command, is unable to quantify the number of the really poor in India. Is this such a difficult thing to do? It is all the more baffling because in recent times, the debate on India’s poverty has only further confounded ordinary citizens. The Planning Commission had come up with an assumed deprivation ratio of 27.5 per...

Inflation is in the news. Double-digit inflation persists, concentrated in prices of food and necessities. The retail prices of pulses are in the range of Rs 80-100 per kg. Seasonal vegetables retail at Rs 30-40 per kg. Yet, our pink newspapers believe there is little reason for concern. There is a boom in purchases of Consumer durables. The middle class is prospering. The poor are better-off with the NREGA. And...

Chief economic advisor to the finance ministry Kaushik Basu says the government should step in and acquire land for development projects to protect the interests of farmers. He also explains why the government cannot tackle food inflation by distributing free foodgrain among the poor. Excerpts from interview with ET: A large number of land-intensive project have run into opposition. Could it actually undermine our infrastructure thrust and growth? There is...

The ubiquitousness of the mobile phone in urban areas and its spread in rural areas in India seem to have fed a notion — not substantiated by hard evidence — that there is a wide and deep market for such services in the countryside. Such a notion has remained largely unverified because of the scarcity of data on the extent of ownership of assets and access to services such as...

Last year may have been a cruel year for much of the country with slow growth and double-digit food inflation, but India's high net worth individuals (HNWIs) prospered — just over 120,000 in number, or 0.01% of the population, their combined worth is close to one-third of India's Gross National Income (GNI). HNWIs, in this context, are defined as those having investable assets of $1 million or more, excluding primary...