Only 400,000 jobs a year were generated during UPA-1, compared with 12 million annually during the NDA’s tenure Key economic data released by the government on Friday shows that the first stint of the Congress-led United Progressive Alliance (UPA) generated a mere 400,000 jobs a year, compared with 12 million jobs annually during the tenure of the Bharatiya Janata Party (BJP)-led coalition, the National Democratic Alliance (NDA). During the period 2004-05 to...

Many in India feel betrayed that neoliberal economic policies have not ended but increased fraud and corruption Corruption is not exactly new in India. Quite apart from the extensive historical evidence of its spread, during and after the "mixed economy" period of state planning, the "licence-permit raj" was regularly accused by commentators of breeding graft, constraining economic activity and forcing citizens to be at the mercy of corrupt officialdom at all...

One of India’s most distinguished economists, Suresh Tendulkar (70), passed away at a private hospital in the city on Tuesday morning. He was former chairman of the Prime Minister’s economic advisory council and also a former part-time chief of the National Statistical Commission. Tendulkar, who was admitted to Prayag Hospital in Deccan Gymkhana following cardiac arrest on June 2, breathed his last around 11 am. Chief minister Prithviraj Chavan and deputy chief minister...

From the Middle East to Madagascar, high prices are spawning land grabs and ousting dictators. Welcome to the 21st-century food wars. In the United States, when world wheat prices rise by 75 percent, as they have over the last year, it means the difference between a $2 loaf of bread and a loaf costing maybe $2.10. If, however, you live in New Delhi, those skyrocketing costs really matter: A doubling in...

'Civil society' is a special kind of political capacity, not a repository of any special virtue—and it is not more inherently valuable than the state The story of Indian democracy sometimes plays like a soap opera. The latest episode—not the uplifting kind—involves a confrontation between the government and a mysterious something called “civil society”. Can this “civil society” cavalcade in to rescue a flailing Indian democracy—that once-proud system now being abused...