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Richest 1% Indians own more than half of country's total wealth, says report -Achyut Mishra

-ThePrint.in The report, prepared by Council of Social Development, says wealth inequality in India has seen a six-fold increase between 2000 and 2017. New Delhi: The richest 1 per cent of Indians own 58.4 per cent of the country’s total wealth, and this wealth inequality has increased six times between 2000 and 2017, said a new report published by Oxford University Press and released by former prime minister Dr Manmohan Singh Monday. Titled...

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India's non-agrarian rural economy struggles for sustenance -Richard Mahapatra

-Down to Earth Farmers and farm labourers, who want to quit agriculture, are stuck in the non-remunerative work since other sectors are not generating jobs at the required rate We are fairly sure by now that the upcoming Budget would be the first government instrument towards the prime minister’s ambitious plan of making India a $5 trillion economy by 2024. Currently, India is nearly a $2.8 trillion economy. It is obvious we...

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India's missed growth opportunities -Nikita Kwatra

-Livemint.com * In her new book, Puja Mehra analyses the political and economic policies of a decade that have brought India’s growth rate to its current crisis * She uses her insights as a trained economist as well as journalist to explain the workings of the governments in power In the last couple of years, India has been on a shaky growth path, regularly being called “the world’s fastest-growing economy" and losing grip...

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Making dam water reach the Farmer -Mihir Shah

-Business Standard Till the time you don’t give water to a farmer’s fields, you can’t save him from suicide. Intervening in a debate in the state Assembly on July 21, 2015, the Chief Minister of Maharashtra remarked that the state has 40 per cent of the country’s large dams, “but 82 per cent area of the state is rainfed. Till the time you don’t give water to a farmer’s fields, you can’t...

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The Unrealistic Optimism of Indians on Prospects of Upward Social Mobility -Ranjan Ray

-TheWire.in To rectify this gap between perception and reality, inequality of opportunities and the lack of emphasis on primary education need to feature more prominently in Indian policy discussions. We are constantly reminded of how Narendra Modi started from humble beginnings by selling tea and rose to occupy the position of the prime minister of India. Irrespective of which side of the political divide one is on, there is no disputing the...

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