India doubled the pace at which it has been reducing poverty in rural areas in the five years to 2009-10 by moving around 47 million over the so-called poverty line. Interestingly, the five years to 2009-10 also saw India grow the fastest in any five-year period in the past, at an average of 8.7%. In the same period, 5 million people in urban India moved above the poverty line. The numbers...

There are two messages, one good, the other, bad, in the latest poverty numbers released by the government. The good news first. It is obvious that poverty has declined in aggregate terms, both in rural and urban India. At a national level, it has declined by 7.4 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10; rural poverty, over the same period, has declined from 41.8% to 33.8%, and urban...

The latest round of data on the 2011 Census shows that the country is exhibiting distinct signs of trading up as material living conditions improve for large sections of the population. Although this aggregate picture is not uniform across the country, analysts believe that the upward material mobility in society is creating the basis of a new consumer boom in the economy—serving up a perfect backdrop ahead of the presentation of...

-The Hindustan Times The UPA’s record of policy flip-flops endures. The latest instance is a ban on exports of cotton that seems headed for revocation less than a week after it was announced. The commerce ministry’s line that India has exported more cotton this season than it can afford to without hurting consumption at home does not wash with partners of the ruling alliance or with the political bosses of cotton...

-The Times of India   The Supreme Court on Friday ruled that lodging under-trial accused in jailindefinitely will breach their fundamental right to life and ordered release of joint managing director of a big grain export firm on bail in a case of alleged defrauding of nationalized banks. Releasing Dipak S Mehta of Vishal Exports Overseas Ltd on bail similar to the apex court's earlier decision to grant bail to corporate bigwigs...