India's growth story in a crisis-hit world has been globally applauded. Still, the prime minister did well not to use his Independence Day address as a mere occasion for back-patting. This isn't yet "new India" where growth's gains percolate to every citizen. Not only must structural nuts and bolts be fixed before we get there, the economic blueprint itself needs a sharper reformist orientation. To its credit, the UPA has...

One of the most intriguing features of India's agrarian economy in recent years is the persistence of agrarian distress in many regions, even while agricultural credit flow has risen sharply. Rising flow of credit to agriculture is normally associated with buoyancy in the farm sector. A closer look at the data on agricultural credit reveals that what is termed agricultural credit may have very little to do with agriculture, the...

The NREGS is restricted. The PDS is targeted. Only exploitation is universal. The rotting of lakhs of tonnes of foodgrain in open yards, while shocking, is hardly new or surprising. Remember the rural poor marching on godowns in Andhra Pradesh in 2001 in similar circumstances? The Supreme Court was quite right in jolting the Union government. “In a country where admittedly people are starving, it is a crime to waste even...

Amipur may be a small dot along the national highway from Patna to Nawada, but its ambitions are big. In the 50-odd households in the village, sparsely populated and rife with an uneasy quiet, most men have left for work outside Bihar. Siyaram Chauhan is the one who returned. He was rescued last month by the state government officials from a brick kiln in Uttar Pradesh’s Bahraich where he worked as...

India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...