This report is sure to come as a shocker for all those who thought the worst was over after believing that the recession is petering out. The recently released World Economic Situation and Prospects 2010 (WESP) of the United Nations (UN), predicts that the economic growth in the developing world will remain well below the pre-crisis pace of more than 7 per cent per annum. China’s and India’s economies are...

India’s relative position with respect to the Education Development Index remains poor. There is a lot to do in terms of improving schooling facilities.  According to the ‘EFA Global Monitoring Report 2010’ (UNESCO), India’s rank was 105 among 128 countries. And it continues to figure, along with a bunch of African and one or two Asian countries, such as Pakistan and Bangladesh, in the group of countries with a low...

It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...

Angus Deaton, the Princeton economist regarded as world's foremost authority on cross-country income data, has cast serious doubts on the World Bank's last upward revision of global poverty figures and India's statistics are at the centre of the storm. The world became poorer as a result of a combination of India's economic growth and its low poverty line, Deaton, who is president of the American Economic Association, said in his...

Study claims modern farming threatens nomadic cattle herding.  Nomadic herders who move their cattle ceaselessly across some of the harshest environments in the world in search of grazing land are vital for Africa’s economic prosperity, but their way of life is being undermined by governments, conservationists and large-scale farmers, according to a study. Millions of hectares of land traditionally used by pastoralists in Ethiopia, Senegal, Mali, Chad, Kenya and other...