It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...

In the debate on development paradigm Jawaharlal Nehru is frequently presented predominantly as a strong advocate of heavy industry, large dams and big machines - someone who placed big hopes in modern technology. However, a more careful reading of several of his writings presents a different picture of a thoughtful mind troubled by several aspects of modern technology and industrial society, a mind which was prepared to go back hundreds...

Pratibha urges “out-of-the-box” thinking on agriculture  Involve agricultural economy more pro-actively in growth process Stress on “environment of security” for optimal attainment of growth President Pratibha Patil’s address to the nation on Monday, on the eve of the 61st Republic Day, reflected the common citizen’s worries on two counts: the unyielding price situation and challenges to internal security. She also touched upon climate change, underlining the use of “energy efficient technologies and...

The New Year began with very good news about the Indian economy. During the last five years, 2004 to 2009, India’s most backward states have shown remarkable growth. Bihar, which grew at 4.5 per cent a year between 2001 and 2005, showed a growth rate of 11.3 per cent between 2005 and 2009. Similarly, Odisha increased its growth performance from 4.94 to 8.74 per cent between these two periods; Jharkhand...

It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...