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...
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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...
More »Future bright for Indian economy, says Rangarajan
Fiscal slowdown has not affected India much Forecasting a brighter future for the country’s economy by 2009-10 end, C. Rangarajan, Chairman, Economic Advisory Council to Prime Minister, said that if a consistent growth of four per cent in agriculture and nine per cent in the industrial and services sectors were maintained over the next two decades, it would propel India into the comity of developed nations. In a talk on...
More »Indian migrants face bleak future in Dubai
The impact of the global financial downturn has been felt keenly in the Middle Eastern emirate of Dubai - and that in turn is affecting the remote Indian village of Akhopur in the state of Bihar, from where Amarnath Tewary reports. In August 2008, Bharat Bhushan Tiwari - from Akhopur village in eastern Indian Bihar - took a loan of 71,000 rupees ($1,500) from a village moneylender to pay a...
More »Poverty is surely declining, but not fast enough: Manmohan Singh by Prafulla Das
“Much more needs to be done to improve the living standards of the poor” The decline in poverty has not been as fast as one would have wished and it remains a major challenge before the country because the poor are still too poor, Prime Minister Manmohan Singh said on Sunday. Inaugurating the 92nd conference of the Indian Economic Association (IEA) at KIIT University here, Dr. Singh said much more...
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