India achieved the distinction of being the second fastest growing economy amid the global recession in 2009, but the joy was marred by the decade’s sharpest rise in food prices to the chagrin of common man. For a country that continued to lose on its exports throughout the year that has gone by, economy achieved a remarkable growth of about 7% (during April- September 2009) on the back of focused government...
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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 »Copenhagen cop out by Praful Bidwai
It is apparent to everyone that the Copenhagen Accord is a travesty of what the world needs to avert climate change. Instead of an ambitious, effective, equitable and binding treaty with stringent emissions-cut targets for developed nations, we have a hollow Accord without legal status. The North has offered a 16 per cent emissions-cut when 40-45 per cent is needed. Years of talks have been set at nought by a...
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 »Healing a nation by Patralekha Chatterjee
Copenhagen showed how fast and far India has traveled geo-politically. The same, alas, cannot be said about the health of the nation. On the international stage, India’s relentless focus on equity made us proud. The time has come to apply that principle at home. India’s ailing health delivery system is viewed as a worthy but dull topic on a normal day in a typical newsroom in the country. Typically, such neglected...
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