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Monthly Archives: January 2019

Home 2019 January

The Motivated Murder of India’s Statistical System

  • January 31, 2019
  • Jayati Ghosh
  • Employment, Macroeconomics, Political Economy
  • 0 Comments

The attacks by the Modi government on many of India's institutions have been noted, but the destruction of India’s statistical system was not adequately recognised or condemned. That is, not until the latest revelations on how the Government is refusing…

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Here’s what Modi’s 2019 Budget can – but won’t – do about India’s jobs crisis

  • January 30, 2019
  • Jayati Ghosh
  • Economy and Society, Employment, Monetary Policy
  • 0 Comments

The Brahmastra, or ultimate weapon, of 10% reservation in government employment for economically weaker sections (EWS) has been cynically deployed already, but even that does not seem to be delivering the desired public approval. Perhaps the general public has wised…

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The Strange form of “Disinvestment”

  • January 30, 2019
  • C. P. Chandrasekhar
  • Finance, Fiscal Policy, Political Economy
  • 0 Comments

As the term of the current NDA government nears its end, with signs of popular dissatisfaction over its performance on the economic front, the urge to ramp up expenditure to woo the electorate intensifies. But a number of factors have…

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Employment Crisis and Lack of Effective Demand in India

  • January 21, 2019
  • Jayati Ghosh
  • Development Economics
  • 0 Comments

Jayati Ghosh speaks on the employment crisis, which is essentially the result of inadequate demand in India. Labour-displacing technological change is a problem not in itself but because it occurs in a neoliberal economic context, in which public spending on…

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The Failed Promise of Employment

  • January 17, 2019
  • C. P. Chandrasekhar
  • Economy and Society, Employment
  • 0 Comments

As election 2019 approaches, the Modi government, damaged by agrarian distress, is also being challenged by evidence that its record on employment generation has been extremely poor. To recall, in its campaign during the 2014 election which brought it back…

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Some ‘Reservations’ on the Modi Government’s Reservation for ‘Economically Weaker Sections’

  • January 15, 2019
  • Surajit Mazumdar
  • Employment, Political Economy
  • 0 Comments

I Since independence and even earlier, India has been characterized by an enduring duality in which the reality of an inegalitarian and oppression-ridden society has co-existed with a widespread and even growing urge for equality and justice. The inequalities prevailing…

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A Misleading Debate

  • January 10, 2019
  • Prabhat Patnaik
  • Economy and Society, Finance, Macroeconomics
  • 0 Comments

For some time now there has been a debate in the country that is as esoteric as it is misleading, namely whether the Reserve Bank of India’s reserves should be drawn down by the government to finance its expenditure. On…

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The Furore over Farm Debt

  • January 4, 2019
  • C. P. Chandrasekhar
  • Fiscal Policy, Food and Agriculture, Political Economy
  • 0 Comments

The decision of the newly elected Congress-led governments in Chattisgarh, Madhya Pradesh and Rajasthan to implement the manifesto promise to waive farm debt has set off a controversy. Opposition to the move comes not just from opposing parties. In fact,…

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Are Global Oil prices the culprit for India’s burgeoning Trade Deficit?

  • January 1, 2019
  • C. P. Chandrasekhar and Jayati Ghosh
  • Trade and balance of payments
  • 0 Comments

India’s external account has once again emerged as a source of concern, as the current account deficit widened to reach 2.4 per cent of GDP over April-June 2018. This increase was driven entirely by the trade deficit, which grew rapidly…

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