Bihar's recent economic growth has created a peculiar problem for real estate and infrastructure firms in other parts of the country.  Migrant labour from the state constitutes around 50% of the unskilled workers employed in these sectors nationally, but increased government expenditure and private investment has caused rural migration from Bihar to fall by a third in recent years, resulting in Labour shortages and 35-50% higher wage bills for real estate...

To control inflation and ensure long-term economic growth, India needs to harness the creativity of the large number of its farmers and entrepreneurs, especially in rural areas. The latest WPI inflation data show primary articles inflation in double digit, driven mainly by food inflation which remains stubbornly high at over 9 per cent. The high food prices are the result of structural factors with shortages getting aggravated as demand continues to outstrip...

There are serious concerns over shortages of food and housing as the country's population is expected to reach 1.45bn by 2035 The Madanpur Khadr colony is a tenement slum on the southern outskirts of Delhi, the Indian capital. A decade ago there was nothing here but green fields, buffaloes wallowing, goats grazing and the odd small dwelling. Now an estimated 40,000 people live in ramshackle, five-storey, brick and concrete homes, 10 to...

-PTI   Union Minister for Rural Development Jairam Ramesh today refuted the charge that National Rural Employment Guarantee Act (NREGA) had caused Labour shortage in sectors like agriculture and construction. Ramesh said that there was a deliberate attempt to spread propaganda discrediting NREGA. "The scheme has increased agricultural wages, reduced distressed migration in some parts of the country and created community assets particularly water conservation structures. Of course, there is room for improvement," the...

-The Economist   The world’s population will reach 7 billion at the end of October. Don’t panic IN 1950 the whole population of the earth—2.5 billion—could have squeezed, shoulder to shoulder, onto the Isle of Wight, a 381-square-kilometre rock off southern England. By 1968 John Brunner, a British novelist, observed that the earth’s people—by then 3.5 billion—would have required the Isle of Man, 572 square kilometres in the Irish Sea, for its standing...