-PTI Soaring inflation, high fuel cost, rising cost of education and health insurance premiums have eroded the real Incomes of middle-class Indian families, with household savings rates dropping by a staggering 40 per cent in the last three years, says an Assocham survey. "Poor households are unable to maintain the consumption levels at current prices while middle income families find their purchasing power erode fast, thus having far less surplus money," Assocham...

-Live Mint NSSO data show that slower pace of jobs creation between 2004-05 and 2011-12 reflects a fall in distressed farm employment Tracing the pace of new jobs created in an economy, a key electoral issue, is a good indicator of inclusive and balanced growth. But in a developing country such as India, the nature of new employment is often as important as the total number of jobs created. The changes...

-The Times of India AHMEDABAD: The more educated a woman, the higher the salary discrimination she faces at work, says a recent study by a faculty member of the Indian Institute of Management, Ahmedabad (IIM-A). While women with no formal education earn more than their male counterparts, with an increase in educational qualification, the situation reverses. So women with basic education like advanced certificates or diplomas earn 10% less than equally qualified...

-The Hindu It was the visible hand of the state rather than the invisible hand of the market that helped the developing world catch up with the industrialised countries The emerging significance of developing countries, which gathered momentum after 1980, is beginning to shift the balance of power in the world economy. It could lead to a profound transformation in the next 25 years. This unfolding reality must be situated in the...

-Live Mint Difference between average spending in urban and rural areas declined by 0.6 percentage points between 2004-05 and 2011-12 The seven years between 2004-05 and 2011-12 have been among the most prosperous phases India has ever seen. What makes this phase unique is that the gains from high growth have been more evenly shared between rural and urban India than before. Real rural consumption expenditure grew at an average annual pace...