Last year may have been a cruel year for much of the country with slow growth and double-digit food inflation, but India's high net worth individuals (HNWIs) prospered — just over 120,000 in number, or 0.01% of the population, their combined worth is close to one-third of India's Gross National Income (GNI). HNWIs, in this context, are defined as those having investable assets of $1 million or more, excluding primary...

India is expected to reduce its poverty rate from 51 per cent in 1990 to 24 per cent in 2015, slashing the number of extremely poor by 188 million. But progress in the rest of South Asia is not sufficient to halve the level of poverty by that target date, according to a United Nations report on the Millennium Development Goals for 2010. The sharpest reductions worldwide continue to be recorded...

The US Senate is expected to pass the Global Food Security Act, new legislation that would significantly expand the government's commitment to combating hunger worldwide with a broad range of measures and more money, and a special coordinator, or "food czar", to oversee implementation of these provisions across agencies. A proposed new fund would allocate several billion dollars over five years to research and development, to enhance "food security, agriculture productivity,...

Even before the food and financial crises hit the world, prevalence of hunger in South Asia was increasing instead of decreasing, taking the region further away from the goal of reducing hunger by half by 2015, according to the United Nations Millennium Development Goals report, 2010. The report says in 2005-2007, the proportion of undernourished people in South Asia had swelled to levels last seen in 1990. The prevalence of...

Development models that focus attention on the poor while expanding job opportunities, increased government spending on social services and aid flows from affluent nations are all successful strategies for alleviating global poverty, the United Nations says. Access to low carbon energy and mobilizing domestic capital by, for example, improving tax collection, are the other factors the UN Development Programme (UNDP) identifies in a new report as crucial factors for the...