-The Economic Times Extreme poverty afflicts more than one in five people, according to the World Bank. The institution's new president, Jim Yong Kim, speaks of the need to "bend the arc of history in order to eliminate extreme poverty and achieve shared prosperity". At a time when his bank's resources as well as the budgetary resources of governments are limited, Brazil offers important lessons on how to eliminate extreme poverty and...
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Rural folks driving own economy with self-sustaining models -Rupali Mukherjee
-The Times of India MUMBAI: Indian villages are powering their own economy, but contrary to conventional belief , it's not government largesses which are the drivers, but their own self-sustaining models. Growth at the bottom of the pyramid is at unprecedented level, and the transformation is stark. The factors driving this transformation are dramatic improvements in rural roads, electrification, cell phones and water supply which are raising wages and increasing job opportunities...
More »Prof. Reetika Khera, Development economist IIT Delhi interviewed by Sreelatha Menon
-The Business Standard Indian Institute of Technology-Delhi professor and development economist Reetika Khera tells Sreelatha Menon that the food Bill may not be a leap ahead, but it is certainly a step forward * The food Bill is a guarantee for lifelong dependence on government doles. As an economist, can one defend such a policy? The food Bill should be seen as an investment. "Labour" is India's most important asset. In that sense,...
More »17 per cent of urban India lives in slums: Census -Rukmini Shrinivasan
-The Times of India Nearly one in every six urban Indian residents lives in a slum, newly released Census data shows. The new numbers are significantly lower than the slum growth that had been projected for India. "Our own projections were that the all-India slum population would be 27.5% by 2011, so the new data comes as a pleasant surprise," Arun Kumar Misra, secretary in the ministry of housing and urban poverty...
More »Urban slums data reinforces India’s consumption story-Neha Sethi
-Live Mint Indians who live in slums are not very different from those who live elsewhere, in terms of ownership of assets Indians who live in slums are not very different from those who live elsewhere, in terms of their ownership of assets, including consumer products and houses, although they may not have the same access to water and sanitation. The finding, reflected in Census 2011 data that was released on Thursday, reinforces...
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