-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...

-The Hindustan Times In 2009, when India had its worst drought in three decades in terms of rainfall, the country managed to produce a million more tonnes of foodgrains than it did in 2007, a normal year. Droughts, such as the one that has now settled in nearly half of the country, are no longer the disaster they used to be, thanks to one of the world's most efficient drought management systems.   Largely indigenous...

-The Economic Times The crisis of the euro, a current account deficit of over 4%, double-digit inflation, corruption in governance and a failing political system. It would not be unfair to say that these factors have combined in varying degrees at different times to lead to the conclusion that the globally-acclaimed India growth story seems to be heading for an unhappy ending. Many have labelled this - unfairly, I think - as...

-Live Mint   Rural development minister Jairam Ramesh is advocating a new approach to fighting the Maoist insurgency that has gripped 78 districts so far. Apart from development and security, the approach involves politics and justice, he said. In an interview, Ramesh warned that in the rush to attain high growth rates, India was placing the interests of tribals below that of mining firms. The minister suggested the setting up of a...

The World of Work 2012 report presents a bleak picture of the global job situation. FOUR years after the global crisis erupted in 2008, organisations such as the International Labour Organisation (ILO) believe that labour markets still have not fully recovered. The world economy is not expected to grow at a sufficient pace over the next couple of years to overcome the crisis. These organisations present some depressing facts: those...