It is official now that the poverty in India is much more than earlier estimated. The Suresh Tendulkar Committee report submitted this month (December 09) estimates poverty in India at over 37 per cent (2004-5) and not at 28 per cent as calculated earlier. With recent price rise in food items factored, the current level could be even higher (See the link of the report below). The Government of India had...

The rural population is at present estimated at 85 crores. Ten per cent of the households are completely landless. Another 52 per cent have holdings of less than 0.2 hectare. The per capita agricultural land in the rural areas has come down to 0.12 hectare. According to the National Sample Survey, the annual income of an agricultural household from farming is less than Rs 12,000 and from all sources it...

Ever since Gunnar Myrdal’s Asian Drama, which castigated India as a “soft state”, western observers, as well as many members of the Nehruvian wing of Macaulay’s children, have failed to understand the anarchical society which has existed in India for millennia. A recent review (Journal of Economic Literature, September 2009) by Lant Pritchett (a former World Bank official in Delhi) of Financial Times’ former India correspondent Edward Luce’s book In...

The current contraction in global economic growth offers an opportunity to re-assess what will foster economic resurgence.  The sustained growth of India’s IT sector is a further example of what can be achieved through strategic use of IP A strong commitment to strengthening its IP capacity will help India unleash the full potential of its people The Indian government has declared a decade of innovation, emphasising the importance of innovation...

Anxious to spur up the rural economy in the naxal-affected districts of the country, the Centre has underlined the imperativeness to implement the National Rural Employment Guarantee Scheme (NREGS) in a more meaningful manner. Rural Development Department secretary Rita Sharma took up the matter with the Chief Secretaries of 15 States to impress upon them the need to ensure that the rural household received their due entitlements in accordance with...