Skepticism about HDRs
This seems to be season for Human Development Reports (HDRs). UNDP's global HDR for 2011 has been published. In that, the headline grabbing number was that India is ranked 134th out of 186 countries....
View ArticleThe muddle-income trap
The country’s growth prospects in 2013-14 are bleak. The finance minister thinks the IMF’s 3.75 per cent forecast is pessimistic. In 1977, John Kenneth Galbraith wrote, “We all agree that pessimism...
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