There’s no evidence that India’s growing prosperity has led to less malnutrition among Indian children, according to a new study by scientists from Harvard and the University of Michigan. One plausible explanation, the authors wrote, is that India’s rapid economic growth “may have benefited only the privileged sections of society.” Technology jobs have driven the boom, but 75 percent of the population is supported by farming or manufacturing, noted S. V. Subramanian,...

The government is looking at allowing foreign direct investment (FDI) in multi-brand retailing as part of a slew of measures to make India more attractive to overseas investors. Senior government officials told TOI that the thinking was that a gradual opening up would be a better strategy with global chains first allowed to open stores in metros, while wholesale cash-and-carry being limited to smaller towns and cities, at least for the...

The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...

Is price rise going to be a permanent fixture because of India's high growth rate? This appears to be the argument put forward by the government's top economic advisers in the recently issued economic survey. It argues that historical experience shows that consumer prices increase faster in countries going through a fast growth phase compared to those with slower growth rates. But analysing inflation and growth data collected by the International...

This article documents and then examines the various benefits that, it is claimed, will flow from linking the Unique Identity number with the public distribution system and the National Rural Employment Guarantee Scheme. It filters the unfounded claims, which arise from a poor understanding of how the PDS and NREGS function, from the genuine ones. On the latter, there are several demanding conditions that need to be met in order...