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,...

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...

Many grassroots activists in Chhattisgarh are circulating a note among all democratic elements in the country to raise the demand of de-escalation of conflict between the security forces and the adivasis. They want lakhs of displaced adivasis of Dantewada be allowed to return to their villages and rebuild their ravaged agrarian and forest based economies. However, this time they also want an assurance from the state government on right to...

Crop scientist and Nobel Peace Prize winner Norman Borlaug, an enduring icon for the war on hunger who had helped steer India away from recurrent famines towards self-sufficiency in food, died on Saturday. Borlaug, whose research to improve wheat varieties, initiated in Mexico in 1945, led to the Green Revolution and helped save millions of people from starvation worldwide, died from cancer complications in Texas. He was 95. M.S. Swaminathan,...

The concepts of multiplier and accelerator borrowed from macroeconomic theory illuminate the enormous potential of NREGA and help set standards that it must be judged by.  Over the last few months, just as the economy entered its current recessionary phase, the mainstream media, which till then had been uniformly unswerving in their antipathy to NREGA (National Rural Employment Guarantee Act), suddenly began to sing its praises. In all the gloom...