It used to be a quip in the 1970s that estimation of poverty in India is stymied by the poverty of estimation. The other joke was that far too many economists and statisticians had prospered trying to estimate poverty! So, we have yet another estimate of poverty in India. Rural poverty numbers for 2004-05 are up from the earlier estimate of 28.3 per cent to 41.8 per cent — with...

Business lobbyists complain that a regulatory tsunami is on its way. But some firms are embracing the proposed reforms “WHEN people hear the word regulation, they feel stifled, delayed, and many times they believe that government is being intrusive,” said Hilda Solis, America’s labour secretary, on December 7th as she unveiled plans for 90 new regulatory initiatives to improve the lot of workers. If you doubt her word, try mentioning regulation...

Change is the great constant of the world economy. India was still a colony when the allied powers shaped the international architecture at the end of World War Two. Today, India is a rising economic power that is contributing to world growth in new and powerful ways. Economic reforms in India and China, and the export-driven growth strategies of East Asia all contributed in the last 20 years to a world...

This newspaper recently hosted its annual debate on whether a resurgent Bengal was an impossible dream. Not surprisingly, the verdict of the 600-odd listeners went against the motion. This has as much to do with tangible societal gains as with an enveloping sense of crisis which embeds enormous opportunities. The glorious past of Bengal needs no persuasion. It was integrated with the rest of the world through trade and interchange...

The United Nations’ Human Development Report of 2009 paints an idyllic picture of migrations. THE recently released United Nations Development Report-2009, titled “Overcoming Barriers: Human Mobility and Development”, presents a strong case for governments all over the world to encourage human mobility. Migrations, including those of low-skilled workforce, pay dividends all round, the report says. However, it does not quite attempt to seriously understand why people migrate, sometimes subjecting themselves...