When the Indian government met the largest economic crisis the world has faced in nearly 80 years with tax cuts, aid for rural workers and interest rate cuts, critics said it was not enough. Now, though, it looks as if the policy makers may have offered too much. India’s $1 trillion economy, largely insulated from the global crisis by low reliance on exports and a heavily regulated banking system, has exceeded expectations...

BARSUR, India — At the edge of the Indravati River, hundreds of miles from the nearest international border, India effectively ends. Indian paramilitary officers point machine guns across the water. The dense jungles and mountains on the other side belong to Maoist rebels dedicated to overthrowing the government. “That is their liberated zone,” said P. Bhojak, one of the officers stationed at the river’s edge in this town in the...

The fourth edition of the World Economic Forum’s (WEF’s) Gender Gap Report, released on October 27, makes for somewhat depressing reading if you are Indian. The country has slipped four places in 2009 to rank 114 out of 134 countries. If there is slight consolation, it is that our biggest global economic competitor, China, fared slightly better, slipping two places over its 2008 ranking. Beyond that, comparisons appear meaningless. At...

Demonstrates very high levels of social capital, but overall ranking brought down by low levels of education, internal security and health LONDON, October 26, 2009 – The third edition of the Legatum Prosperity Index, published on 26 October, 2009 ranks 104 countries (covering 90% of the world’s population), based on a definition of prosperity that combines economic growth together with measures of happiness and quality of life. According to this year’s Legatum...

* Secondary education is critical in breaking the intergenerational cycle of poverty. * The number of secondary school students is expected to increase from 40 to 60 million over the next decade. * India needs to prepare now for this expansion and improve the quality of secondary education provided. In today’s global knowledge economy, education plays a vital role in determining a country’s economic growth and its people’s standards of living. Importantly,...