Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

An unprecedented economic growth during the last decade has also seen increasing malnutrition, hunger and starvation amongst certain sections of society. India ranks 66 in the Food and Agriculture Organisation’s (FAO’s) World Hunger Index of 88 countries (Inter-national Food Policy Research Institute). More than 200 million people in this country are denied the right to food. One-third of all underweight children (57 million) in the world due to lack of...

It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...

While gender equality ratios have improved in 85 percent of countries over the past six years, economic participation and political empowerment for women has failed to match the steady progress of health and education, says a new report by the World Economic Forum. The report, "Global Gender Gap", compiled by Ricardo Hausmann from Harvard University, Laura Tyson from University of California, Berkeley and Saadia Zahidi from the World Economic Forum, illustrates...

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...