montek singh ahluwalia

Whose Line Is It Anyway?: India Rethinks Its Poverty Schemes

Indian policy-makers have called a truce to end an escalating political battle over how it measures poverty. In doing so, India may have begun a radical new experiment in giving subsidies to the poor.

India draws its poverty line based on how much people spend — not how much they earn. There are certainly other ways of measuring …

No Gloating from India Over U.S. Downgrade

Indian businesses are worried, even if they’re not quite ready to admit it. That was the subtext of the statement issued yesterday by Nasscom, the industry’s main trade group, after the big American downgrade announced on Monday. “The economic crisis in the US, unfolding over the last few days, does not have any major bearing on the …