The central government has finally allowed the release of the report of the 2017-18 Periodic Labour Force Survey. The previous government had blocked its release before elections because the survey showed a massive increase in the unemployment rate, worst in…
The result of the recent Indian elections, which gave Narendra Modi’s Hindu Supremacist Party a second five-year term, confirms the basic argument regarding the nature of fascism. There is a fundamental difference between the 2014 elections that brought Modi to…
We often miss this aspect in our discussions, but Modi’s re-election is part of a global Right-ward shift that is taking place. Netanyahu got re-elected in Israel. Erdogan got massively re-elected in Turkey. The Conservative government came back to power…
Mainstream bourgeois economics which is what occupies a hegemonic position in the academic world today is often criticized for being “unreal”, for proceeding on the basis of assumptions that obviously do not correspond to reality. This criticism however, though valid,…
I propose to go back in this piece to the Indian Air Force’s strikes against the terrorist camps at Balakot in Pakistan some weeks ago. My concern here is not with the event itself but with an intellectual position that…
The Index of Industrial Production has for the first time since June 2013 contracted in absolute terms by 0.1 percent in March 2019 compared to a year ago. This comes on top of a mere 0.07 percent increase in February,…
As if all the bad news from the domestic economy were not enough, foreign trade data suggest worrisome trends on the external front as well. The latest report of monthly trade data from the Ministry of Commerce and Industry indicates…
The post-second world war years had seen systematic intervention by the State to stabilize capitalist economies. In fact State intervention had played the same role in that period that incursions into colonial and semi-colonial markets had played earlier, over much…
With China having successfully convened the second Belt and Road Forum in Beijing late April, discussions on the significance, impact and sustainability of this ill-defined, even if tangible, effort at economic diplomacy have revived. That effort is the Belt and…
Statistics show that the period of neo-liberal economic policy in India has witnessed a much higher rate of GDP growth compared to the earlier dirigiste period, indeed almost double the previous rate. They also show that the rate of agricultural…
