There are several conventional measures of living standards, such as average income, but they often mask great inequalities.

So it’s good to see Crisil, the Indian unit of Standard & Poor’s, using census data on ownership of consumer durables – such as televisions, computers, phones and a car, jeep or two-wheeler – to assess prosperity and inequality across the country in an index. Read more

Care Ratings, India’s second largest ratings agency by turnover, will IPO on Friday – and it seems the celebrations are starting early. Shares in two competitors have leapt ahead this week – ICRA is up more than 10 per cent and CRISIL by more than 6 per cent in a generally flat Mumbai market. Read more