-Business Standard FY10 was a drought year with a monsoon rainfall deficiency of 22 per cent of the 50-year average, resulting in a seven per cent dip in the total foodgrains production. But, that did not dampen the consumer sentiment as the auto sector grew by 26 per cent, fast-moving consumer goods (FMCG) 25 per cent and the consumer durables sector by 21 per cent. The momentum continued the following year,...

-Business Standard A recent report suggests different ways to eliminate poverty and argues that accelerated growth is the most suitable medicine to reduce incidence of poverty Adding some and modifying some others is how the National Democratic Alliance (NDA) government is planning to go about its welfare programmes in the coming days. While the Mid-Day Meal Scheme (MDMS) is likely to be extended to some private schools, the Mahatma Gandhi National Rural...

Situation alarming: More than one-third population hit by drought   The country is facing severe drought for the second consecutive year. Conservative estimates from official sources show that over a quarter of rural habitations are facing drinking water scarcity. Although both India Meteorological Department and Skymet have predicted a more than normal rainfall during June-September, 2016, the water storage available in 91 major reservoirs of the country has declined from 22 percent...

-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...

-The Hindu It is the Supreme Court and not Parliament that has found time to pay attention to serious issues of drought relief and mitigation for hundreds of millions of Indians Irony. This one word captures our response to the ongoing nationwide drought in more ways than one. We have woken up to the reality of drought a full six months after the end of monsoon. After waking up, we focus on...