A LEAFY VILLAGE in Kerala, Pathanpara, never found access to India’s electricity grid. That is why for the last several years, this village has been generating its own electricity. Raju, a dhoti-clad cashew nut farmer, operates Pathanpara’s five kilowatt (KW) micro hydropower plant. He lives in the village and earns a salary of Rs 2,250, paid by the People’s Electricity Committee (PEC). The power generated is shared equally by the village,...

Jagdishji Vaghela is one of hundreds of thousands of farmers standing in the way of India's breakneck economic expansion. Determined not to give up his land for an industrial park in the western state of Gujarat, the 55-year-old farmer scorns at talk of how the benefits of industrialization in Asia's third-largest economy will trickle down to people like him. Despite a nearby plant producing what is touted as the world's cheapest car,...

Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...

Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...

The Central budget of 2010-11 is a further step in the realisation of a vision of India vibrant with the income, wealth, saving, education and the entrepreneurial energy of the top 5-10 per cent of the population and the rest of Indians, serving that minority and surviving as barely literate, malnourished multitude.  With the accession of Rajiv Gandhi to power, a vision began to germinate. That vision was that of...