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A
Simple Arithmetic*
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May
25th 2017, Prabhat Patnaik
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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.
*
This
article was originally published in the
Citizen
on
May 23, 2017. |
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