India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...

Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...

The recent spike in world food prices has further widened the gap between the developed and the developing economies. While, over 70 per cent of the world's population resides in poor countries, it has access to less than 40 per cent of the world's resources such as water, irrigated land, power, etc. This is a result of inconsistent economic progress (post-colonialisation birth pangs), rampant population growth and distractions such as...

Hours before the Group of Ministers (GoM) headed by Union Home Minister P. Chidambaram met on Friday, the Planning Commission is understood to have released Rs.982 crore to the Madhya Pradesh government for rehabilitation of the Bhopal gas tragedy victims. There was no official word on the reported approval of funds. The funds released for sustainable economic and medical rehabilitation of the victims would need the approval of the GoM, official...

The shortage of migrant labour for paddy transplantation in Punjab has started telling on the symbiotic relationship between farmers and labourers, with the money factor apparently driving a wedge between them. The strain in relations came to the fore in Herike village on Sunday when the farming class announced a social boycott of labourers for seeking enhanced rates for trasplanting paddy. Though the village sarpanch admitted that he had asked...