It is official: India has the world's most toxic air. In a new study by Yale and Columbia universities, India holds the very last rank among 132 nations in terms of air quality with regard to its effect on human health. India scored a minuscule 3.73 out of a possible 100 points in the analysis, lagging far behind the next worst performer, Bangladesh, which scored 13.66. In fact, the entire South Asian...
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Prof. Amartya Sen, Nobel laureate in Economics, interviewed by Chandra Ranganathan
India must not obsess with how fast its economy is growing and instead pay more attention to its human development indicators which are worse than even that of Bangladesh, Nobel prize-winning economist Amartya Sen said. Sen, known among his peers as the Conscience of Economics, said slower growth is not a good enough reason for national gloom. If India really must feel upset, it should be because the country is...
More »Problems with the Food Bill by Arvind Panagariya
While some may view the food security Bill as the instrument of combating poverty, this distinction belongs to the National Rural Employment Guarantee Scheme, the flagship anti-poverty programme of the United Progressive Alliance government. The proponents of the food security Bill at the National Advisory Council have promoted it as the instrument of fighting widespread and rising hunger, instead. But what is the empirical basis of the claims of widespread and...
More »Lopsided growth by Venkitesh Ramakrishnan
U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...
More »India income inequality doubles in 20 years, says OECD
-BBC Inequality in earnings has doubled in India over the past two decades, a new report says, making it one of the worst performers among emerging economies. The Organisation for Economic Cooperation and Development (OECD) says the top 10% of wage-earners make 12 times more than the bottom 10%, compared to six times 20 years ago. The OECD says India has the highest number of poor in the world. Some 42% of its 1.21...
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