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Yearly Archives: 2019

Home 2019

India is failing her Young Women even in Terms of Work

  • December 31, 2019
  • C. P. Chandrasekhar and Jayati Ghosh
  • Development Economics, Employment
  • 0 Comments

Anyone who has been following the upsurge of protests across the country in the wake of the CAA-NRC moves of the government would have been impressed and inspired by the role played by young women. They have been forthright and…

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The Rise in Inflation Rate

  • December 23, 2019
  • Prabhat Patnaik
  • Finance, Macroeconomics
  • 0 Comments

Even as the growth rate of the Indian economy is slowing down, and the index of industrial production actually showing negative growth for three consecutive months, August to October (over the corresponding months a year ago), the inflation rate in…

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Missing the Big Picture: Arvind Subramanian and Josh Felman on the “Great Slowdown”

  • December 22, 2019
  • C. P. Chandrasekhar
  • Finance, Macroeconomics
  • 0 Comments

In the latest of many critical interventions since he demitted office as Chief Economic Advisor to the Government of India, Arvind Subramanian (in collaboration with Josh Felman, together hereafter referred to AS-JF) has argued that the recent sharp deceleration in…

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The Crisis in Manufacturing

  • December 17, 2019
  • C. P. Chandrasekhar and Jayati Ghosh
  • Industry, Macroeconomics
  • 0 Comments

With the Index of Industrial Production (IIP) registering negative month-on-month annual rates of growth over the three months ending October 2019, the perception, based on trends in individual industries, that Indian industry is experiencing or is on the road to…

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The Perversity of the Neo-liberal Fiscal Regime

  • December 16, 2019
  • Prabhat Patnaik
  • Finance, Macroeconomics
  • 0 Comments

When income growth slows down in an economy, so does the growth of tax revenue within the given tax regime. Since the government has certain expenditure obligations, to meet these obligations it has to either impose additional taxes or expand…

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For a System of Free Higher Education

  • December 10, 2019
  • Prabhat Patnaik
  • Development Economics
  • 0 Comments

A unique feature of Jawaharlal Nehru University is its student composition. A substantial proportion of students come from socially and economically underprivileged families; and yet there is considerable social inter-mixing among students, made possible perhaps by campus politics which breaks…

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Claims versus Reality: Who benefits from government funded health insurance?

  • December 5, 2019
  • Ankur Verma
  • Development Economics, Economy and Society
  • 0 Comments

Data from the recent survey show that health insurance coverage in India has not expanded at all between 2014 and 2018. Moreover, the benefits of health insurance disproportionately accrue to relatively richer households while the poor are left high and…

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End of the free trade myth

  • December 4, 2019
  • C. P. Chandrasekhar
  • Trade and balance of payments, World Economy
  • 0 Comments

Unless the Trump administration’s views on the WTO change dramatically, December 11 could mark the end of an era in global trade. On that date two more members (of the three in position out of a mandated seven) of the…

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What really happened to public spending in 2018-19?

  • December 3, 2019
  • C. P. Chandrasekhar and Jayati Ghosh
  • Finance, Macroeconomics
  • 0 Comments

It is now widely recognised that the Finance Minister misinformed Parliament when presenting the Revised Estimates for central government revenues and expenditures in the Union Budget presented in July 2019. That fact has, however, been largely forgotten, perhaps because to…

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Claims versus Reality: Who benefited from PM Ujjwala Yojana?

  • November 27, 2019
  • Dechen Dolma
  • Development Economics, Economy and Society
  • 0 Comments

Recently released NSS data and administrative data on LPG connections show that most LPG connections provided under the PMUY may not have reached intended beneficiaries. Survey data confirms that half of the rural households continue to use firewood, chips, crop…

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