India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...

Did we just miss a major opportunity? For short while, it seemed that the global financial crisis would focus minds on what is wrong with the current economic growth model and how we can go about changing it. Unfortunately, that moment seems to have passed, at least until the next crisis comes along (which, in current trends, will not be long, since all the major forces that led to the...

We normally assume that malnutrition is a disease of the poorer states, which the richer states are in the process of curing. It now transpires that malnutrition among women and child undernourishment, two essential markers of human development, are rampant in richer states as well. States with high per capita incomes such as Gujarat and Haryana have performed poorly in transforming the growth they have experienced into the well-being of...

The time has come for a comprehensive right-to-food law to tackle the deprivation and food insecurity that haunts India.  Over the last decade or so, a series of developments have drawn attention to the problem of food security. These are the persistence of hunger in many parts of the country being juxtaposed with food surpluses and stocks; the adverse impact of globalisation on agriculture and rising food prices resulting in...

THE LAUNCH of free market liberalisation in 1991 triggered widespread prosperity for the Indian middle classes, making them the showpiece of India’s muchfêted economic boom. But little has ever changed for the bulk of the country’s poor, hundreds of millions of who continue to barely scrape through from day to day, doomed to extreme poverty and, consequently, malnutrition, disease and death. For decades, many among these millions have survived, however...