Labour Minister Harish Rawat says the government is confident of creating 58 million additional jobs by the end of the 11th Five Year Plan in 2012 thanks to the smart recovery in the farm sector and its resultant impact on the rural economy. "Agriculture has responded very positively. With economy poised to grow at nine percent in this fiscal year, we will be able to meet the target," Rawat told...

Pawan Goenka noticed something unusual last year—tractor sales were climbing even though India had its worst monsoon in more than three decades and farm output dropped 2.8% in the three months to December last fiscal. The umbilical cord that tied rainfall patterns and tractor sales seemed to have been ruptured. The president of auto and tractor maker Mahindra and Mahindra Ltd offers an interesting explanation to this puzzle: growing labour shortages...

Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...

The Labour Bureau recently released its first report on employment in the country. Till now, job estimates have usually been available in the employment-unemployment surveys of the National Sample Survey Organisation (NSSO). The most recent of these is the 64th round (2007-08), preliminary results of which were reported in this column on 20 July. The 64th round estimates were disappointing, with annual employment growth during 2004-05 and 2007-08 at 0.8...

Protests against a proposed Indian nuclear power plant this weekend highlight a growing problem facing developers, experts say, as the country tries to upgrade or build much-needed infrastructure.Thousands of fishermen, farmers and their families in Jaitapur in western Maharashtra state turned out in force on Saturday to denounce the loss of homes and agricultural land, as well as voice fears about radiation and pollution.The long-running protest has already seen a...