The latest round of data on the 2011 Census shows that the country is exhibiting distinct signs of trading up as material living conditions improve for large sections of the population. Although this aggregate picture is not uniform across the country, analysts believe that the upward material mobility in society is creating the basis of a new consumer boom in the economy—serving up a perfect backdrop ahead of the presentation of...

One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...

-The Hindustan Times    Poor households of urban India are emerging hotspots for hunger and ill-health and children there live in worse conditions than in rural areas, says a new UN report released on Wednesday.   The United Nations Children’s Fund (Unicef) report -- state of the world’s children 2012 -- say that like most parts of the world, children living in around 49,000 slums in India are "invisible". Half of these slums are in...

-Live Mint High on hype, the budget speech of the Union finance minister today is merely a statement of account. As India’s economy diversifies—with the private sector playing an increasingly important role—this annual feature has assumed much lower salience. Not only have fiscal policies lost the space they enjoyed in earlier years, even major policy announcements are restricted to being mere statements of account. Examples from other arenas include “activism” on...

-The United Nations   Hundreds of millions of children in cities across the world are growing up in poverty and enduring deprivation, according to a report unveiled today by the United Nations, spotlighting social exclusion and calling for measures to give the youngsters access to basic services and opportunities for a better future. ‘The State of the World’s Children 2012’ report released by the UN Children’s Fund (UNICEF), highlights the hardship that many...