India, Economic Growth | featured news

Proponents of so-called "green accounting" - gathered in Rio de Janeiro this week for the Rio Earth Summit - hope that putting dollar values on resources will slam the brakes on unfettered development. A mentality of growth at any cost is already blamed for disasters like the chronic floods that hit deforested Haiti or the raging sand storms that have swept regions of China, worsening desertification.

India's economic growth surged in the third quarter at a much faster pace than expected, increasing odds that the central bank will raise interest rates to head off inflation.

India’s next government will try to balance economic growth with need to address the anxieties of the poor.