India must not obsess with how fast its economy is growing and instead pay more attention to its human development indicators which are worse than even that of Bangladesh, Nobel prize-winning economist Amartya Sen said. Sen, known among his peers as the Conscience of Economics, said slower growth is not a good enough reason for national gloom. If India really must feel upset, it should be because the country is...

-The Economic Times   It doesn't need economists, environmentalists or water conservation experts to tell us that the promise of free water is a disastrous idea. It will encourage farmers to cultivate water-guzzling crops. And in the process, it will lower water table levels, making water an even more precious commodity.  But this is election season when parties consider the exchequer as candy-vending machines. It is also the season when bad politics prevails...

Three bills the Centre has lined up to regulate higher education have been described as “draconian” by private institutions, which fear their enactment will bring the segment under a “police raj”. Two of the bills provide for jail terms and stiff fines to ensure that colleges and universities obtain accreditation before — and not after — starting courses and refrain from making exaggerated claims to attract students. For instance, under the “unfair...

Neglected by conventional banks, low-income women in Satara have set one up themselves. Not long after Chetna Gala Sinha came to the drought-stricken region of Mhaswad in western Maharashtra to marry a farmer and prominent local social activist, she began putting her university degree in finance into action. Local women, she observed, were wearing themselves out in subsistence livelihood such as growing grapes or selling vegetables. In 1992, Chetna, who grew up...

Most developing countries have a love hate relationship to foreign investment. They love the jobs that it creates, the technology that it accompanies, the additional choices that it provides, and the local millionaires/billionaires it creates through creative phased restrictions. On the other hand, since many developing countries have a colonial heritage, and cash is concentrated amongst developed world MNCs, the host are wary of it. The more nationalistic elements within a country...