The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...
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PM sees reforms benefiting poor
Prime Minister Manmohan Singh today said the economic reforms initiated by him almost two decades ago had reduced the number of poor, though much more was still needed to be done. “There is no evidence that the new economic policies have had an adverse effect on the poor,” Singh said at the annual conference of the Indian Economic Association here today. “The percentage of population below the poverty line has certainly not...
More »Poverty is surely declining, but not fast enough: Manmohan Singh by Prafulla Das
“Much more needs to be done to improve the living standards of the poor” The decline in poverty has not been as fast as one would have wished and it remains a major challenge before the country because the poor are still too poor, Prime Minister Manmohan Singh said on Sunday. Inaugurating the 92nd conference of the Indian Economic Association (IEA) at KIIT University here, Dr. Singh said much more...
More »Samuelson - A genius who was my guru by Subramanian Swamy
I first met Paul Samuelson in 1962, as a student at MIT. A decade later, I had the pleasure of co-authoring with him a paper on the Theory of Index Numbers (American Economic Review, 1974) and another in the Royal Economic Society’s Economic Journal (1984). I last met him a couple of years back, on a sidewalk in Belmont, Massachussets. He was driving down the street and stopped upon seeing...
More »Primary Schooling by Amartya Sen
PRIMARY SCHOOLING: I Pratichi Trust (India) was established a decade ago, along with its sister across the border, Pratichi Trust (Bangladesh) [1]. The Bangladesh centre has been concentrating on the social progress of girls and young women there (it has worked particularly on supporting and training young women journalists reporting from rural Bangladesh), whereas here in India, the work of the Trust has been mainly focused on advancing primary education...
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