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...

India has been lauded for its remarkable overall economic growth of over 8% over the last five years. But despite this high and relatively stable growth, India's underbelly is soft. The agriculture sector is performing below expectations, with growth rate of around 2.8%, it is way below the Eleventh Plan target of 4%. The Food and Agricultural Organisation (FAO) estimates that 22% of India's population is undernourished. Child malnutrition is...

In India, of the total cultivated area of around 140.30 million hectares only 60.86 million is irrigated and remaining 79.44 million hectares is rain-fed. Rain-fed crops account for 48 percent area under food crops and 68 percent of the area under non-food crops. Irrigated land accounts for nearly 55 percent of food production while rain-fed contributes just about 45 percent. Rain-fed farming is risk prone and is characterized by low...

The Planning Commission’s advice to the Haryana government to levy a cess on agricultural power to raise funds for replenishing dwindling groundwater is wise counsel that is likely to fall on deaf ears. There is no denying that the continuous decline in groundwater levels across the subcontinent and weak attempts at replenishment constitute a grave threat to human security in this part of the world. Haryana is not a lonely...

The Supreme Court on May 7 ruled that natural resources were national assets that belonged to the people and were ideally exploited by public sector undertakings. This obviously implies that local communities, including tribals, living on mineralised land, enjoy entitlements but not prescriptive ownership rights to such national assets. This is an important reiterative clarification defining mineral rights in Fifth Schedule areas that are currently in contention. Whether PSUs should...