-The Hindu   Since 2004-05, for the first time in the history of India, more workers have left agriculture for productive work in industry and services Higher than normal inflation, high current account deficit, a depreciating rupee and slowing GDP growth might hold true in recent times. However, when it comes to employment, the facts are quite different as between 2009-10 and 2011-12, non-agricultural employment grew rapidly. Between 1999-2000 and 2004-05, National Sample Survey...

-The Business Standard   The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...

-The Business Standard   This report believes in demanding more, and cares little for inflation. It could have kept budgetary constraints in better focus and thrown more light on carbon-reducing innovations Fans of Rakesh Mohan reports will love this leviathan of a report. With 1,220 pages spread over three volumes, the report of the National Transport Policy Development Committee takes at least a week's effort to read. The analysis is in the second...

-The Business Standard The dominant theme in the pre-election discourse is that misrule by the United Progressive Alliance (UPA) in its second term has led to sharply lower growth of gross domestic product (GDP), which Narendra Modi will reverse, the way he has made Gujarat shine. But the evidence on hand does not support this correlation between the quality of national political leadership and growth performance. If anything, there is...

-The Business Standard Hailstorms may cause Rs 12k-cr crop damage, El Niño a bigger worry India's hope rally will be at risk if El Niño actually strikes this year. Even if a reformist government comes to power in May, global weather forecasts seem to suggest India is faced with the prospect of an erratic rainfall, as a result of the waters of the Pacific Ocean warming (known as the El Niño effect). It...