The unimportance of NREGA

As the previous column noted ('The great growth-dole trade-off', IE, July 20), poverty reduction in India during the last decade, and especially between 2009-10 and 2011-12, is a very large success story. Poverty was reduced at an unprecedented rate, at about 5 percentage points (ppt) a year; the norm for India throughout its long poverty reduction history is a maximum of 2 ppt a year.

Read Full Story>>