The revised estimates of national income by the Central Statistical Organisation for 2009-10 present a generally positive picture of the economy. During the year, the economy grew by 7.4 per cent, marginally higher than the 7.2 per cent projected in February's advance estimates. A better-than-expected 8.6 per cent growth during the fourth quarter is the main reason. Industry has been a star performer. The strong performance of the crucial segments...

Drought impacted agricultural production but not farm incomes.  The year 2009-10 was supposedly a bad year for Indian agriculture, given the worst ever monsoon since 1972. This is partly reflected in the 0.2 per cent growth registered by the farm sector (inclusive of forestry and fishing) in real terms, as per the Central Statistical Organisation's latest revised estimates of gross domestic product (GDP) for last fiscal. The virtual stagnation in agricultural output...

ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country’s farmers, marking a significant shift in the structure of the India economy. That does not, however, diminish the importance of the farm, fisheries and the forest sector because of the disproportionately high percentage of people still engaged in these activities. Neither does it take...

The Cobalt-60 radiation tragedy at Mayapuri in Delhi has unearthed many skeletons, which some seem to be desperate to hide. There is already a life lost, and maybe others irrevocably damaged, while everyone is busy hurling accusations at each other. This is a typical response. Instead, we need to examine the systemic problems that this incident has indicated. While those who were negligent must be punished, there are many questions...

Highlighting the fact that the tobacco industry often pays the lowest possible wages, keeping its workers in a cycle of poverty, debt and ill-health, a recent research study titled “At the crossroads of life and livelihood: The economics, poverty and working conditions of people employed in the tobacco industry in India” presents key evidence linking tobacco production and Manufacturing with crucial issues of growing poverty and impeded development. The study recommends...