A good monsoon forecast strengthens prospects for India to cut sugar imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and limiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...

The growth rate of agriculture was three per cent and that of manufacturing was 4.5 per cent during the first three decades after independence. The growth rate for agriculture has slipped to 2.8 per cent while that for manufacturing has increased to 6.4 per cent during the last 15 years. Farmers continue to commit suicides across the country. The groundwater level is declining. The country has to import wheat, edible...

The impact of global recession will force an additional 64 million people across the world to live in extreme poverty by 2010, warns the World Bank. The economic crisis and recession have substantially increased the challenge of meeting the Millennium Development Goals (MDG) targets, according to the World Development Indicator (WDI) 2010 released by the World Bank on Tuesday. In contrast to the record growth in 2000-07, the global economy grew only...

To perpetuate a system that assigns a household to a single BPL/APL category in circumstances in which poverty is multi-dimensional is not only bad economics, but unconscionable as well.  The pilot surveys for the next Census of BPL (below-poverty-line) households are due to begin. Discussions are now on to finalise the methodology for the survey, and as the BPL Census is a matter of the subsistence and survival of hundreds...

The government is spending billions of dollars on welfare schemes, and plans even more this year. But that is news to Poona, whose daughter may soon die from that stain on India's growth story -- malnutrition. Poona, who married at 14 and breaks quarry stones for a living, shielded her daughter's sunken face from a harsh summer sun with her blue sari. She does not know Urmila's weight, but the...