India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...

WASHINGTON, September 15, 2009–Developing countries can shift to lower-carbon paths while promoting development and reducing poverty, but this depends on financial and technical assistance from high-income countries, says a new World Bank report released today. High-income countries also need to act quickly to reduce their carbon footprints and boost development of alternative energy sources to help tackle the problem of climate change. World Development Report 2010: Development and Climate Change,...

India has recently witnessed the release of two important environment reports just before the Copenhagen Summit to be held in December, 2009. The National State of the Environment India (SoE) Report 2009 was launched on 11 August, 2009 by Minister of Environment and Forests Jairam Ramesh. Another report titled United Nation’s World Economic and Social Survey (WESS) Report 2009 was released in early September, 2009 by Sunita Narain, Director, Centre...

We normally assume that malnutrition is a disease of the poorer states, which the richer states are in the process of curing. It now transpires that malnutrition among women and child undernourishment, two essential markers of human development, are rampant in richer states as well. States with high per capita incomes such as Gujarat and Haryana have performed poorly in transforming the growth they have experienced into the well-being of...

The concepts of multiplier and accelerator borrowed from macroeconomic theory illuminate the enormous potential of NREGA and help set standards that it must be judged by.  Over the last few months, just as the economy entered its current recessionary phase, the mainstream media, which till then had been uniformly unswerving in their antipathy to NREGA (National Rural Employment Guarantee Act), suddenly began to sing its praises. In all the gloom...