Here’s a hypothetical, though not altogether unfamiliar, scenario that academic and writer Sunil Khilnani invoked in a lecture at the British Museum to warn against what he called the “paradox of India’s new prosperity.” He asked his audience to imagine two traffic lanes, both at a standstill. After a while traffic in one of the lanes starts moving raising hopes of those stuck in the next lane that they, too,...

Concern over the domestic economy should not result in barriers on free trade, according to Union Minister of State for Commerce and Industry Jyotiraditya Scindia. While the country would benefit from opening itself up further to international competition, he promised that the interests of farmers and labour-intensive industries would be protected. In a discussion with journalists from The Hindu group on Wednesday, Mr. Scindia defended the Free Trade Agreement (FTA)...

India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...

Did we just miss a major opportunity? For short while, it seemed that the global financial crisis would focus minds on what is wrong with the current economic growth model and how we can go about changing it. Unfortunately, that moment seems to have passed, at least until the next crisis comes along (which, in current trends, will not be long, since all the major forces that led to the...

Government nutrition scheme has no place for necessary animal protein The ICDS programme launched in the 1970s was based on the results of extensive surveys which identified rampant child under-nutrition in India. Using the weight-for-age and height-for-age criteria, only 10 per cent children under five could be classified normal. And 15-20 per cent were underweight even when they were short. The situation has not improved in the past 35 years...