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...
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For India’s Newly Rich Farmers, Limos Won’t Do by Jim Yardley
Bhisham Singh Yadav, father of the groom, is stressed. His rented Lexus got stuck behind a bullock cart. He has hired a truck to blast Hindi pop, but it is too big to maneuver through his village. At least his grandest gesture, evidence of his upward mobility, is circling overhead. The helicopter has arrived. Mr. Yadav, a wheat farmer, has never flown, nor has anyone else in the family. And...
More »Gathering Storm by Ajit Sahi and Rana Ayyub
UNLESS THE prices of vegetables skyrocket and become a scandal — as they have over several weeks now, or as did the price of sugar last year — little in the out-of-sight world of Indian agriculture excites the imagination of the city folks, who influence, rather disproportionately, everything from government policies to newspaper content. Few of those who enjoy a hearty meal and wax lovingly on their favourite dishes can...
More »Conundrum of Kerala's struggling economy by Soutik Biswas
Why is India's most socially developed state - and one of the developing world's most advanced regions - an economic laggard? This question about Kerala, known all over the world for its lush landscapes, sun-drenched beaches and idyllic backwaters, has been a subject of intense debate among economists and social scientists. Kerala defies all stereotypes of a "socially backward" Indian state - swathes of people living in abject poverty, men outnumbering...
More »Remote Indian state set for development
A new drive has started to bring development to the remote north-eastern Indian state of Arunachal Pradesh. In a letter from the region, the BBC's former India correspondent Mark Tully says there are fears that it will undermine the traditional tribal culture of the area and alienate the population. Driving from the east of Arunachal Pradesh to its oldest town, Pasighat, I was made all too aware of the state's underdevelopment....
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