What the data tells us about 'Sabka Saath, Sabka Vikas'?
May 26th 2017, Anamitra Roychowdhury
Modi rose to power by promising development for all, but his policies have fallen short in meeting any of the related targets, especially with respect to employment and livelihoods. A minor increase in farm income was met by the lowest-yet wage increase under MGNREGA. Belying the promises of the Skill India programme, Quarterly Employment Surveys show even greater joblessness. Resource allocation to health and education has seen negligible growth in the past three years. And the government narrative has shifted from development to moral policing.
A Simple Arithmetic
May 25th 2017, Prabhat Patnaik
The advance GDP estimates for 2016-17, however calculated, show a grim picture of the economy. The real per capita income of the agriculture-dependent population, which constitutes half the country's populace, has remained stagnant or even marginally declined during the three years of the Modi government. While the pursuit of neoliberal policies can be held responsible for this, treating the aggregate growth as a "great achievement" for political mileage is unwarranted.
World Capitalist Crisis getting Accentuated
May 22nd 2017, Prabhat Patnaik
After a brief illusion of recovery in the U.S., the world economic crisis is getting accentuated. Trump administration would rather increase its fiscal deficit, if at all it does, through tax cuts than state expenditure under the hegemony of finance capital. This might further suppress consumption expenditure, already constricted by falling global wages. Such policies, paired with hostile protectionism, would make correcting over-production and hence overcoming world crisis, almost impossible.
 
Where will Global Demand come from?
May 23rd 2017, C.P. Chandrasekhar and Jayati Ghosh
As the US reduces its role as engine of global demand, there are no signs that other economies will be able to pick up the slack. The mercantilist approach exemplified by Germany is creating net global slowdown.
Lopsided Industrialisation
May 9th 2017, C.P. Chandrasekhar and Jayati Ghosh
Recent trends in the organisational form of units in the registered manufacturing sector suggest that India’s factory sector is not just abnormal but backward to boot.
Budget 2017-18: The macroeconomic perspective
Mar 3rd 2017, C.P. Chandrasekhar
One reason why the government chose fiscal consolidation instead of an expansionary budget in the wake of demonetisation is its erroneous belief that demonetisation in itself would deliver fiscal benefits.
Budget 2017-18: Blinded by neoliberalism
Feb 27th 2017, C.P. Chandrasekhar
All that this government has is its unfounded belief that mere reform in the form of the demonetisation, digitalisation and the GST would deliver growth rather than recession.
 
Call for applications for African Programme on Rethinking Development Economics, Johannesburg, South Africa, 4-15 September 2017.
Apr 7th 2017
 


Demonetisation Decoded: A critique of India’s currency experiment
Apr 12, 2017, Jayati Ghosh, C.P. Chandrasekhar and Prabhat Patnaik

The book "Demonetisation Decoded", is an important book that provides a quick and concise explanation of the goals, implications, initial effects and the political economy of the major demonetisation move of the Indian government.
 


The XXV Krishna Bharadwaj Memorial Lecture
Mar 15, 2017

The XXV Krishna Bharadwaj Memorial Lecture, delivered by Prof. Heinz D. Kurz of Department of Economics, the Graz Schumpeter Centre, University of Graz, Austria on March 3, 2017 at the Convention Centre, JNU, New Delhi, on the topic "Power - The Bête Noire in much of Economics"
 
Buckling under Pressure
Jan 18th 2017, Jayati Ghosh
There has been a depressing erosion in the credibility of the major institutions that in different ways are vital for the functioning of our democracy as they are bent to the will of the ruling dispensation.
The Demonetization Fiasco
Jan 16th 2017, Prabhat Patnaik
Demonetization has been a fiasco in achieving its stated objective, apart from being a disaster for the people.
 
Finance Capital and the Nature of Capitalism in India Today
Nov 25th 2016, C.P. Chandrasekhar
This article explains how the growing dependence on foreign finance capital has distorted India's growth. Due to the accumulated presence of foreign capital in the country since liberalisation, it is turning moribund and losing sovereignty.
 
National IPR Policy and Innovation
Jul 18th 2016, Reji K. Joseph
This article seeks to analyse critically the relationship between innovation and IPRs with a view to understand the implications of the IPR Policy for India.
 

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