Since she could remember, labourer Rama Nag (34) didn't know what her ration card meant, that as one of India's nearly 400 million officially poor people, she was entitled to subsidised foodgrain. Until 2006, here in the heart of impoverished tribal India, on the edge of the sprawling forests of Bastar and the Maoist zone of Dantewada, Nag and her family of four survived on rice and whatever they could...

Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...

Young rag-pickers sifting through rubbish are a common IMAge of India’s chronic poverty, but destitute children face new hazards picking apart old computers as part of the growing “e-waste” industry. Asif, aged seven, spends his days dismantling electronic equipment in a tiny, dimly-lit unit in east Delhi along with six other boys. “My work is to pick out these small black boxes,” he said, fingers deftly prising out integrated circuits from the...

The Union budget estIMAtes the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

THE Indian Bureau of Mines, in its Indian Minerals Yearbook–2005, notes that Chhattisgarh has 28 different types of minerals, with coal and iron ore being the most abundant. The Centre for Science and Environment (CSE), in its comprehensive book Rich Lands, Poor People: Is ‘Sustainable' Mining Possible?, says that around 16 per cent of India's coal reserves, 10 per cent of its iron-ore reserves, 5 per cent of its limestone...