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Services
Exports as Growth Engine |
May
14th 2024. C. P. Chandrasekhar and Jayati Ghosh |
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The rise in India's services exports has encouraged
the view that this is reflective of India’s pursuit
of an alternative trajectory of development. The evidence
does not support that view.
|
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Faultlines
in the Jobs Data |
Oct
19th 2023. C.P. Chandrasekhar and Jayati Ghosh |
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The apparent fall in the unemployment rate shown by
recent data hides major areas of concern in India's
employment pattern.
|
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Who
Controls Renewable Energy Technology? |
May
17th 2022. C.P. Chandrasekhar and Jayati Ghosh |
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The concentration of technology and tacit knowledge
related to renewable energy can emerge as an additional
constraint to its wider adoption in many low and middle
income countries.
|
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Reliance
and Facebook: Seeking pathways to profit |
May
8th 2020, C.P. Chandrasekhar |
|
The deal between the two giants Reliance Industries
and Facebook is aimed at ensuring their joint domination
of India's e-commerce space. To that end, RIL hopes
to use WhatsApp to bring the country's large base
of local outlets under its retail empire.
|
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The
Mess called "Reform" in Telecommunications |
Nov
13th 2019, C.P. Chandrasekhar |
|
"The
Supreme Court verdict on the definition of Annual
Gross Revenue can prove devastating for telecom operators.
Given the possibility of debt default, if the government
turns soft, the result of neoliberal reforms would
be the provision of subsidies to private firms to
keep them in operation."
|
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A
Curious Divergence |
Nov
20th 2018, C.P. Chandrasekhar and Jayati Ghosh |
|
An
inadequately analysed but striking divergence in the
services sector's contribution to GDP and employment
growth is a pointer to the weaknesses inherent in India's
services-led growth model. |
|
Leapfrogging
into Services |
Apr
26th 2018, C.P. Chandrasekhar |
|
The
argument that services reflect a new dynamism in India
and the IMF’s prescription that the sector can be a
driver of growth and development are far-fetched. |
|
The
Airtel-Aadhaar Fix |
Jan
10th 2018, C.P. Chandrasekhar |
|
Airtel
is let off lightly by the government despite being in
clear violation of the law in a case that exposes the
flaws and dangers in the ecosystem surrounding Aadhaar. |
|
Indian
IT hits a speedbump |
Nov
21st 2017, C.P.
Chandrasekhar and Jayati Ghosh |
|
A sharp deceleration in growth and restricted employment
expansion in the IT sector, India’s post-liberalisation
showpiece, has implications beyond the industry’s boundaries.
|
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The
Slide of an Aging Leader |
Oct
26th 2017, C.P. Chandrasekhar |
|
The recent
acquisition of TTSL by Airtel indicates the deep-seated
problems of mismanagement and debt-ridden books of the
Tata group, which was once a frontrunner among business
conglomerates but is now, only a shadow of its former
glorious self. |
|
Computer
Outages |
Jun
22nd 2017, Jayati Ghosh |
|
While
our dependency and vulnerability towards computers is
becoming almost universal, the false resilience and
reliability of the cyberspace is being exposed through
recent system breakdowns caused due to extremely minor
human errors and absence of adequate backup. In these
days of cost cutting, CEOs and governments see cyber
maintenance as a luxury, which itself has become a reason
for its fragility. |
|
ICT:
Implications of imbalanced growth |
Mar
14th 2017, C.P.
Chandrasekhar and Jayati Ghosh |
|
An
analysis of India's ICT performance suggests that software
export success tends to hide both imbalances in production
and their adverse balance of payments fall-out. |
|
Developing
"Infrastructure" |
Oct
25th 2016, Prabhat Patnaik |
|
One
can intervene in income distribution in an egalitarian
direction by restraining the investment in infrastructure
that is met at the expense of other socially-pressing
needs and rationing the infrastructure in question. |
|
The
Continuing Debt Problem in Asia |
Dec
8 th 2015, C.P.
Chandrasekhar and Jayati Ghosh |
|
Private
household debt is going to be a major concern for many
Asian economies as excessive household debt and falling
realty prices combine to create a potentially potent
mix. |
|
Of
Polls, Politics and Punditry |
Nov
30th 2015, Jayati
Ghosh |
|
Bihar
election results have proved to be an outstanding example
of the limits of the English speaking national media,
both in terms of predictions and analysis. |
|
The
Question of Learning |
Oct
15th 2015, Jayati
Ghosh |
|
The
abysmal state of school education in Rajasthan is symptomatic
of a deep and cynical neglect of public education that
is likely to have devastating consequences for the future
of our society. |
|
Giving
Water Workers their Due |
Sep
11th 2015, Jayati
Ghosh |
|
The
workers who ensure the treatment, delivery and conservation
of water across societies are the vast majority who
are informal workers, often unpaid and largely unrecognised. |
|
Educational
Matters |
Sep
4th 2015, Prabhat
Patnaik |
|
The
general absence of any intensity of intellectual engagement
in the Indian institutions of higher education today
makes the overall situation extremely and indubitably
bleak. |
|
The
Internet in "Digital India" |
Jul
24th 2015, C.P.
Chandrasekhar |
|
According
to the latest NSSO data, the proportion of Indian households
in which at least one member had access to the internet
is far short of the near universal connectivity envisaged
by the Digital India mission. |
|
Power
Tariff Hike in West Bengal |
Jun
16th 2013, Prasenjit
Bose |
|
One
of the necessary steps towards tackling the problem
of power tariff hike in West Bengal is to break the
monopoly of the CESC in Kolkata and adjoining areas.
|
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Recapitalising
India's Public Sector Banks |
Mar
24th 2015, C.P.
Chandrasekhar and Jayati Ghosh |
|
The
push to recapitalise public sector banks by raising
capital through equity issues, on the grounds that Basel
III needs make it unavoidable, may be a route to privatisation. |
|
Questioning
India's GDP figures |
Mar
16th 2015, C.P.
Chandrasekhar |
|
The
"too good to be realistic" growth estimate
for India put forward by the CSO has been the result
of the changes adopted in the data sources and methods. |
|
Software
Services: Some cause for comfort |
Mar
11th 2015, C.P.
Chandrasekhar |
|
The
success of India's software services export industry
is built on the ability to maintain its leading position
among the top players, which is indeed some cause for
comfort. |
|
Households
and India's Stock Markets |
Feb
17th 2015, C.P.
Chandrasekhar and Jayati Ghosh |
|
Whilst
India's stock markets touch dizzying heights, households
are withdrawing from the market as they are influenced
more by returns registered in short periods. |
|
The
Uncertain World of Software Services |
Mar
18th 2014, C.P.
Chandrasekhar |
|
Although
RBI's survey points to a revival of India's exports,
so long as global conditions remain uncertain there
can be little certainty about its export performance.
|
|
Open
Access vs Academic Power |
Sep
18th 2013, C.P.
Chandrasekhar |
|
While
open access helps democratise the distribution of peer-reviewed
research, it is not clear whether this would rid the
system of journal branding and journal hierarchies.
|
|
The
Scam that NSEL Spells |
Sep
4th 2013, C.P.
Chandrasekhar |
|
In
its drive to promote liberalisation and deregulation,
the Government has created space for scams like the
National Spot Exchange Limited fiasco to occur.
|
|
The
Looming Banking Crisis |
Sep
4th 2013, C.P.
Chandrasekhar and Jayati Ghosh |
|
The
crisis engulfing the Indian economy is expected to affect
the corporates and the infrastructural projects burdened
with large debt, impacting the Indian banking sector.
|
|
Jeff
Bezos could be Wrong |
Aug
27th 2013, C.P.
Chandrasekhar |
|
Jeff
Bezos' acquisition of "The Washington Post"
has led to speculation on the reasons and on the opportunity
it presents for the ailing daily and the industry in
the U.S.
|
|
Small
Savings Schemes in India and the Saradha Scam |
Apr
29th 2013, Subhanil
Chowdhury |
|
The
erroneous policies of the central government in terms
of changing the incentives for small savings have helped
the expansion and consolidation of the Saradha group.
|
|
Private
Banks and Financial Inclusion |
Apr
16th 2013, C.P.
Chandrasekhar and Jayati Ghosh |
|
The
view that corporate sector's entry into banking will
be an instrument to advance financial inclusion is based
neither on historical evidence nor on market logic.
|
|
The
Plight of Domestic Workers in India |
Jan
24th 2013, Jayati
Ghosh |
|
Domestic
work takes place under extremely difficult and oppressive
conditions with low pay, no limits on working hours,
lack of dignity and no protection or social security.
|
|
FDI
in Banking |
Nov
19th 2012, C.P.
Chandrasekhar |
|
Given
that accessing foreign equity to enhance bank's capital
is possible within the existing regulatory framework,
there is no case for altering the current RBI rules.
|
|
How
Safe are India's Banks? |
Oct
30th 2012, C.P.
Chandrasekhar |
|
The
NPA figures on the books of the scheduled commercial
banks seem to be gross underestimates given the recent
debt restructurings involving a number of large borrowers.
|
|
Importing
Risk into Insurance |
Oct
17th 2012, C.P.
Chandrasekhar |
|
The
government's decision to increase foreign presence in
insurance industry would import practices that would
subject the savings of middle classes to increased probability
of loss.
|
|
India's
Supermarket Move Shows its Tired Government has Run Out
of Ideas |
Sep
21st 2012, Jayati
Ghosh |
|
Opening
up India's retail sector to western supermarkets will
lead to exploitation of small producers and adverse
employment effects. Despite vehement opposition the
government insists on pushing through this reform, a
move that speaks of a tired regime which has run out
of ideas.
|
|
The
Growth Model has Come Undone |
Jul
12th 2012, Mritiunjoy
Mohanty |
|
The
government's argument that India's economic slowdown
is the result of the global situation and related uncertainty
is only partly true. The deeper reason is the unravelling
of the underlying growth model - partly due to the greatly
increased import dependence of the manufacturing sector
and partly because the investment subsidy that Indian
companies enjoyed due to the under-pricing of assets
is no longer feasible.
|
|
Engineering
Teaching and Research in IITs and its Impact on India |
Jul
5th 2012, Milind
Sohoni |
|
The
dominant paradigm of research and development (R&D),
as it is practised in India's premier engineering institutes,
has not only been abstract and lacking in diversity,
but has also been too 'international' to incentivise
work on our own development problems. Such an inverted
incentive structure in the socio-economically important
engineering job market has been macroeconomically observable
in the faster growth in service sector as compared to
manufacturing. |
|
Don't
Shoot the Interpreter |
Mar
7th 2012, C.P.
Chandrasekhar |
|
The
Supreme Court judgment on Vodafone case is a godsend
for the government, which can now pretend that it is
the court that is responsible for an increasingly lax
tax policy in the country where there are, as the government
claims, inadequate resources to ensure food security,
address deprivation and provide employment.
|
|
Multinational
Retail Firms in India |
Dec
12th 2011, Jayati
Ghosh |
|
The
actual impact of large corporate retail, and especially
multinational retail chains, in developing countries
clearly shows that many of the claims made by proponents
of such corporate retailing - in terms of employment
generation or benefits to producers and consumers -
are suspect or sometimes completely false.
|
|
Retrogression
in Retail |
Dec
1st 2011, C.P.
Chandrasekhar |
|
Permitting
FDI in retail trade, wherein a few oligopolistic buyers
will come to dominate retail trade, will lead to adverse
employment effects and an erosion of the real incomes
of small crop producers.
|
|
Why
are Women's Health Outcomes in India so Poor?
|
Nov
29th 2011, C.P.
Chandrasekhar and Jayati Ghosh |
|
Women's
health outcomes in India are generally much worse than
in comparator countries, despite two decades of very
rapid growth in India. Public spending on health as
a share of GDP has not increased, and per capita spending
on immunisation and primary health centres has actually
gone down. |
|
Higher
Education: Dealing with higher expectations
|
Sep
7th 2011, C.P.
Chandrasekhar and Jayati Ghosh |
|
There
has been a significant increase in enrolment in higher
education in developing countries (especially Asia)
in the past decade. However, this positive change also
brings forth certain challenges, the most obvious of
which is the challenge of generating enough employment
to meet expectations of growing numbers of new graduates.
|
|
Public
Spending on Education in India |
Jun
29th 2011, Jayati
Ghosh |
|
The
failure of the government to provide universal access
to quality schooling and to ensure equal access to higher
education among all socio-economic groups as well as
across gender and region has significant implications
for equitable socio-economic advancement. Ensuring a
reasonable quality of education to all children will
necessarily require a significant expansion of the public
resources to be provided. |
|
The
Japan-India Comprehensive Economic Partnership Agreement |
Feb
22nd 2011, C.P.
Chandrasekhar and Jayati Ghosh |
|
There
has been much media celebration about the recent signing
of the Japan-India Comprehensive Economic Partnership
Agreement. This article examines some of the features
of the agreement and considers their implications for
domestic economic strategies and processes in India.
|
|
Managing
the Mass Media |
Aug
31st 2010, Jayati
Ghosh |
|
Some
recent Indian experiences have led to the formation
of a consensus that the mass media have become sensationalist
and scandal-obsessed, often irresponsible and generally
insensitive. The problem is getting so much worse that
there is a need to think of new and creative ways to
make sure that our media is actually accountable to
the general public, including those without any political
voice to speak of. |
|
Indian
IT: Privileged, protected and pampered |
Aug
31st 2010, C.P.
Chandrasekhar |
|
One
possible reason for the Indian IT industry's protest
against the US move to increase visa costs for Indian
companies could be that the industry has received privileged
treatment at home for more than a decade. But given
these special privileges one question that has constantly
been posed is, are there adequate reasons to justify
their provision? |
|
The
Sacred Cow |
Aug
23rd 2010, Prabhat
Patnaik |
|
The
bourgeoisie argument that development of infrastructure
is in the interest of society and investment for it
must be encouraged at all costs ignores the fact that
infrastructure has a class character as well. Essentially,
we must distinguish between ''infrastructure'' that
is in the interests of the people at large and ''infrastructure''
that uses social resources for the benefit of the few.
|
|
Money
Illusion |
Jun17th
2010, C.P.
Chandrasekhar |
|
The
perception created by the spectrum auction that there
is much money in government coffers to pursue a social
agenda is an illusion for two reasons. First, whatever
money appears to be at hand is not available in the
long term. Second, the new receipts from the private
sector that create this illusion could be substantially
matched by reduced government receipts in other areas
or reverse flows to the private sector. |
|
The
Good News about Health in West Bengal |
Jun
15th 2010, C.P.
Chandrasekhar and Jayati Ghosh |
|
This
article shows how the state of West Bengal has recently
experienced some of the fastest improvements in basic
health indicators among all the major states in the
country. It is argued that these recent improvements
are attributable to the general improvement in institutional
conditions in the countryside, the extension of better
sanitation facilities to rural areas, as well as the
implementation of targeted schemes for maternal nutrition. |
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