It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...

I have been an advisor to The Energy and Resources Institute or Teri, a distinguished visiting fellow there since 1996, except when I was the chairman of the Central Electricity Regulatory Commission, the director-general of the National Council of Applied Economic Research, the chairman of the Institute for Social and Economic Change and on boards of management and economic research institutions. This disclaimer is intended to forestall motives being ascribed...

In the debate on development paradigm Jawaharlal Nehru is frequently presented predominantly as a strong advocate of heavy industry, large dams and big machines - someone who placed big hopes in modern technology. However, a more careful reading of several of his writings presents a different picture of a thoughtful mind troubled by several aspects of modern technology and industrial society, a mind which was prepared to go back hundreds...

Another food crisis? This time it’s not shortages but prices—a plain failure of responsive policy and execution. Zooming food prices are raising political temperatures yet again. The rumblings, for once, are not merely restricted to the opposition parties, but evident within the ruling coalition as well. Though attacks from across the political spectrum have become a bit subdued of late, the target remains Union agriculture and food minister Sharad Pawar. And...

India has played a crucial role in making essential medicines available and affordable for patients in the developing world through generic drugs. This has been possible by linking India’s patent policies and laws to public interest. Similarly, policies that align public funded R&D in India with public health have the potential to provide incentives to the development of medical technologies (vaccines, diagnostics and medicines) crucial for treating neglected diseases like...