India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...

Could India's mock war on poverty ever turn real? India became independent 63 years ago. Since Independence the country has implemented 10 Five Year Plans and a few Annual Plans. Currently the 11th Plan is being executed. Efforts made during the last six decades have resulted in the modernisation of a stagnant economy and India's emergence as a major industrial power. This period also witnessed remarkable progress in agricultural production. But India...

India has missed a historic opportunity to abolish hunger through a universal public distribution system (PDS), which entitles all citizens to affordable food. The National Advisory Council (NAC), a progressive body established by the United Progressive Alliance, was to draft such a law, but has recommended a Bill which greatly reduces the public's entitlements. This is a setback. India's annual per capita cereal consumption has fallen to 174 kg, lower than...

Health is wealth, goes the adage. For confirmation, check how much India loses to illness every year, and compare it with China. While China loses 15,279 healthy years per one lakh population per annum on account of illness and disability, the corresponding figure for India stands at 27,316, around 80% higher. India's performance on this crucial health indicator — which is also a proxy for labour productivity — appears gloomy even...

India dropped two ranks to 67th among 84 developing countries in the International Food Policy Research Institute's annual " Global Hunger Index" for 2010. Even Sudan, North Korea and Pakistan rank higher than India. While the report, released on Monday, shows that the proportion of undernourished in India is decreasing, the worsening ranking indicates that other developing countries have done better in tackling hunger. India is home to 42% of the...