-The Telegraph New Delhi: An expert panel has ranked Gujarat 12th among states in development, its findings flying in the face of Narendra Modi's claims but winning endorsement from economists The Telegraph spoke to. The committee, headed by Raghuram Rajan who has since been appointed Reserve Bank governor, assessed states on the basis of 10 criteria, which included many human development indicators. Bengal came 16th. Economist and Planning Commission member Abhijit Sen, who...

-The Hindu India should take its cue from Brazil and invest in ethanol as a viable commercial substitute for costly petrol The public and media were outraged recently after a suggestion that petrol stations could be closed from 8 p.m. to 8 a.m. to curb consumption. Oil import is the heaviest burden on India's foreign exchange, at $144 billion last year. The situation could get worse, given the potential for an increase...

-The Hindu It is the only sector that can create jobs and prevent the economic crisis from deepening In the last two decades, the Indian economy has witnessed a transformational change to emerge as one of the fastest growing economies in the world. Economic reforms unveiled in 1991 have brought about a structural shift enabling the private sector to assume a much larger role in the economy. GDP growth has largely been...

-The Economic Times I have often been asked how Chhattisgarh manages the contradictory pulls of sound fiscal health and welfare schemes. How did we manage to roll out food and nutrition security to not just the most needy among us but to almost the entire population of a state that has had a history of malnutrition and neglect, without jeopardising Chhattisgarh's finances? As finance minister for the last eight years, I have...

-The Indian Express In Gujarat, growth relies on indebtedness. And relegates development. The Gujarat pattern of development has often been arraigned from the left because of its social deficits. Indeed, the state's social indicators do not match its economic performance. With 23 per cent of its citizens living below the poverty line in 2010, Gujarat does better than the Indian average - 29.8 per cent - but it reduced this proportion by...