Employment in India: Aggregate demand and structural transformations

Mainstream economic policies that advocate fiscal-monetary austerity along with financialization and speculative transactions have squeezed the pace of expansion for the real economy. A major impact of above has been the dismal state of employment and job creation in the country.

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(Published in Aggregate Demand and Employment: international perspectives , Edited by Brian K. MacLean, Hassan Bougrine, and Louis-Philippe Rochon by Routledge, 2019)