India's growth story in a crisis-hit world has been globally applauded. Still, the prime minister did well not to use his Independence Day address as a mere occasion for back-patting. This isn't yet "new India" where growth's gains percolate to every citizen. Not only must structural nuts and bolts be fixed before we get there, the economic blueprint itself needs a sharper reformist orientation. To its credit, the UPA has...

The disastrous effect of the state throwing up its hands and retreating is most starkly visible in agriculture . Remember: agriculture involves 70 per cent of the country's population , generates about 56 per cent of national income, 64 per cent of total expenditure and about one third of total savings. So, any neglect translates into gigantic costs. And the central crisis in agriculture — production barely matching a depressed...

According to a new Oxford University study, 55 percent of India’s population of 1.1 billion, or 645 million people, are living in poverty. Using a newly-developed index, the study found that about one-third of the world’s poor live in India. The Multidimensional Poverty Index (MPI) has been developed by the Oxford Poverty and Human Development Initiative and the United Nations Development Program (UNDP) as a more precise and comprehensive means of...

With more than 60% of Bihar reeling under drought-like conditions and the state recording 20% rainfall deficit, the government is set to declare over two dozen districts drought-hit, officials said on Monday. "The state cabinet in its meeting Tuesday will formally declare more than two dozen districts drought hit," said an official of the state disaster management department. Vayasji, principal secretary of disaster management department, told IANS that the drought...

Agricultural scientist M.S. Swaminathan has warned that India’s food security is being steadily imperilled by the sharp decline in agricultural growth. Speaking on the Ministry of Earth Sciences Foundation Day Lecture 2010, Dr Swaminathan warned that in 2005-6, the agricultural growth was 5.2 per cent of GDP but according to Planning Commission statistics, it has dipped to 0.2 per cent in 2009-10. This would decline with a projected two degree temperature rise...