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India Still Has 269 Million Poor, Bihar Leads Race In Reducing Poverty

  Highlights  * Number of people below the poverty line in India has declined from 407.1 million in 2004-05 to 269.3 million in 2011-12 * Most of the reduction was…

India’s Borrowings Are Rising & From Tougher Lenders

India’s borrowings from the global markets are increasing and the ratio of the country’s foreign exchange reserves to total foreign currency debt is declining. Would that be cause for worry,…

How Gujaratis Love Gujarat (And Other Migration Stories)

India has always witnessed a fair amount of internal migration. Over the years, the patterns have become fairly predictable, mostly rural to urban areas and from poorer, more populous states…

Are Micro Lending Institutions Back In Business?

Are India’s microfinance institutions (MFIs) on a comeback trail? Data suggests the industry is recovering from the 2010 crisis triggered by a tough law that nearly banned the industry in…

No Investment, No Growth. Simple.

India’s Prime Minister Manmohan Singh this week released a Report To The People on the achievements of the United Progressive Alliance (UPA) in the nine years that it’s been in…

Financial Inclusion Seems To Be Working

A stated goal of financial inclusion seems to be working for the Government as well as the Reserve Bank of India.   Banking services reached 211,324 villages at the end…

Keep The Government Out Of Service Businesses, At Least

The demise of Margaret Thatcher is a good time to revisit the idea of state-ownership of businesses. Thatcher was adamant and pushed privatisation aggressively. Her approach came in for much…