The quarterly Survey of Professional Forecasters conducted by the Reserve Bank of India (RBI) revised India's gross domestic product growth downwards to 6 per cent for 2009-10 from 6.5 per cent in the previous round of the survey. However, the survey has estimated that corporate profits are set to rise in the current fiscal. According to the RBI, the highest probability of 37.5 per cent is assigned to growth range...
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'Outlays have had no relationship with outcomes': Mani Shankar Aiyar
As an Indian, and one who has held high ministerial office, it is only right that I begin by portraying the reality of my own country before drawing comparisons with my South Asian neighbours. The World Food Programme tells us that half the world’s hungry live in India. Which is the more significant reality: Our being the second-fastest growing economy in the world, or that, notwithstanding that extraordinarily high growth...
More »Food dilemma: High prices or shortages
For a man who will inherit vast tracts of fertile farmland in Punjab, India's grain bowl, Jaswinder Singh made what seemed to him a logical career move -- he took a job with a telecoms company in New Delhi. "I can't go back to the village after an M.B.A. Delhi has more money, better quality of life. The job is more satisfying, and you don't depend on the weather or...
More »Food shortages incapacitate and kill millions of children each year – UN report
An astonishing 200 million children under the age of five, almost all in Africa and Asia, suffer from the debilitating impact of stunted growth resulting from a lack of food and the right nutrients, a new United Nations report warned today. The UN Children’s Fund (UNICEF) report, Tracking Progress on Child and Maternal Nutrition, also stressed that undernutrition contributes to a third of deaths of all children under five each year,...
More »IP rights create a secure environment for investment in innovation by Francis Gurry
The current contraction in global economic growth offers an opportunity to re-assess what will foster economic resurgence. The sustained growth of India’s IT sector is a further example of what can be achieved through strategic use of IP A strong commitment to strengthening its IP capacity will help India unleash the full potential of its people The Indian government has declared a decade of innovation, emphasising the importance of innovation...
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