It is indeed heartening to note that most states have been growing remarkably fast, going by the Central Statistical Organisation’s (CSO) current data on the economic growth of states over the last decade. Even chronically poor states such as Orissa, Bihar, Rajasthan and, more anaemically, Uttar Pradesh have participated in the boom, sending out a clear message that no state can be written off. One can argue that GDP alone...
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Hard Times by Ashok Mitra
Food prices have shot up by more than 20 per cent in the course of the past 12 months. A vast proportion of the nation is being battered by the price rise — the fixed income group, the working classes, landless peasantry and small farmers who have to buy at least a part of the grains they consume from the market. There is, however, no upheaval among the suffering people....
More »Economy will recover by Arjun Sengupta
The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...
More »Five years after Indian Ocean tsunami, affected nations rebuilding better – UN
Five years after the massive Indian Ocean tsunami, which left a devastating trail of death and destruction, millions of people have benefited from the influx of aid by rebuilding stronger infrastructure, social services and disaster warning systems than existed before the catastrophe, according to the United Nations agencies at the core of the recovery effort. The largest emergency relief response in history was prompted by the earthquake off the coast...
More »India set to retain top spot in milk production
India is expected to maintain last year’s record of being the world’s largest milk producer, with an estimated 110 million tonnes in 2008-09. The country achieved the distinction with the production of 104.8 million tonnes in the 2007-08, according to a spokesman of the National Dairy Development Board. The spokesman said the world’s milk production was expected to be 688 million tonnes in 2008-09, a marginal 1.7 per cent increase...
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