The recently released figures from the Central Statistical Organisation that estimate how fast India’s states have been growing have undoubtedly been the biggest economic news of the new year. There are many fascinating aspects to the new numbers: for example, that Bihar is the country’s second-fastest growing state, growing at 11.03 per cent annually in the years since 2004-05 — only 0.02 per cent behind Gujarat, a more familiar success...

Roads “as smooth as Hema Malini’s cheeks” was a promise that Lalu Yadav had once given to the people of Bihar. Ironically, it is his rival Nitish Kumar who seems to be delivering on that front. Despite three years of floods followed by a year of drought, ‘backward and benighted’ Bihar reports a miraculous figure: 11% GDP growth, second only to Gujarat. The state’s economy has never grown so fast...

The following piece was written for the UNIDO’s General Conference that took place in Vienna this month but could not be carried by any of the international papers because of a slight delay, although some feel its contents may not be ideologically palatable to them. Hence it is being carried here for the benefit of our readers. —Editor A highly positive sum game awaits the community of nations if an internationally...

In the Indian reform story, policies on land have been the least reformed one, said Ratan Tata on Monday. The Chairman of the Tata Group, whose company Tata Motors had to shift the production base for its Nano car from Singur in West Bengal to Sanand in Gujarat following continuous protests over land acquisition for the project, said political leaders should be able to strike the right balance in deciding...

Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...