Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are unlikely to see relief any time soon as joblessness is still climbing in many of the world's largest economies. Unemployment data typically lags other indicators of economic health as companies hold off adding staff in the early stages of a rebound. The upturns recorded recently in...

“This is a country on the make.” The speaker was a young assistant to one of India’s rising political stars. And from his perspective, it did look that way. We were sitting in the lobby restaurant of New Delhi’s luxurious Taj Mahal Hotel. That evening, the Taj was not only the place for a government reception following Prime Minister Manmohan Singh’s decisive re-election victory, but it was also the scene...

Govt can help by raising public spending on healthcare The Indian Pharmaceutical Alliance, which represents a large section of the country’s pharmaceutical companies, has taken the rather unusual step of asking the government to come to the aid of the industry, which has seen a string of foreign acquisitions of Indian players. None of these acquisitions is hostile. So, where does the government come in, particularly when there is no...

The United Nations’ Human Development Report of 2009 paints an idyllic picture of migrations. THE recently released United Nations Development Report-2009, titled “Overcoming Barriers: Human Mobility and Development”, presents a strong case for governments all over the world to encourage human mobility. Migrations, including those of low-skilled workforce, pay dividends all round, the report says. However, it does not quite attempt to seriously understand why people migrate, sometimes subjecting themselves...

The rich countries blame India and other developing nations for the world's rising emission levels. Here is proof that the boot is on the other foot. Fresh data released by the UN Framework Convention on Climate Change says greenhouse gas emissions from the rich nations increased by 12.8% between 1990-2007, the latest period for which figures are available. While the industrialized countries are now gunning for India and China to...