Peruvian economist Hernando De Soto, who is the the capital to meet with government officials will over the next few days, seek to formalize an arrangement to help the government integrate its vast informal economy with the mainstream. De Soto is the founder of the think-tank the Institute for Liberty and Democracy and is best known for his role in eradicating the Shining Path guerilla movement by empowering landless peasants who...

The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

A significant proportion of the country’s official below poverty line (BPL) population cannot be termed ‘poor’. Fathom this: around a fourth of the 14 million odd BPL households in urban India own a two-wheeler, a third of them a colour TV and almost two-third a pressure cooker. Almost one in five urban BPL households has at least one well-educated, graduate or above, member. The 56 million-strong rural BPL population too exhibits...

Can more knowledge about our society, about the individuals and groups who constitute it, be a bad thing? I’ve been wondering about this lately, in the context of two government initiatives to gather more knowledge about us Indians, as caste groups and as individuals. Both of these information-gathering exercises—the proposal for a “caste census”, which has generated a stormy argument, and the merely desultory discussion over the planned Unique Identification...

India lives in its villages, Gandhi said. But increasingly, the people of India are dying on its roads. India overtook China to top the world in road fatalities in 2006 and has continued to pull steadily ahead, despite a heavily agrarian population, fewer people than China and far fewer cars than many Western countries. While road deaths in many other big emerging markets have declined or stabilized in recent years,...