Workshop on ‘Urbanization and Expansion of Opportunities for the Poor’, New Delhi

The rapid urbanization in conjunction with industrialization has resulted in the growth of slums. Misplaced policies and bad administration have been a major contributing factor. Most of the Urban Local Bodies (ULBs) are ill-equipped to raise adequate revenue, which in turn results in a shortage of funds to undertake infrastructure development and service delivery. Furthermore,…

Hits and Misses of Budget 2016

One often wonders if the Union Budget is as big a deal amongst all sections of the population as it is in India. Usually, the budget is a somber boring exercise of number allocations and expense statements. In India however, it has become somewhat synonymous to big bang policy announcements and that time of the…

“Leapfrogging to a New Lifestyle for Sustainable Prosperity: A Blessing, not a Burden”

By mid-century (2050), per capita incomes of the majority of developing countries could conceivably have “converged” with those of the advanced (G-7) economies. By the end of the century, there will be nearly 7 billion people in emerging economies with average per capita income conceivably equal to that of the developed countries today. The present…