The outbreak of the Novel Corona Virus pandemic has brought to the fore the fact that the Indian economy is run to a large extent, if not to the largest extent, by the inter-state migrant workers. One report has in…
DD Kosambi uses a telling example to illustrate the crisis of Indian feudalism: at the third Battle of Panipat in 1761, the troops on oneside had not had enough to eat, while the troops on the other side just managed…
In the wake of the India-China conflagration at the border, the worst in more than five decades, the fault lines of India’s economic relationship with its northern neighbour are now wide open. Amidst the demands for boycotting Chinese products and…
Prime Minister Modi was on the TV screens once again yesterday which marked the last day of the third month after his sudden announcement of lockdown at the end of March. This lockdown has plunged the entire economy into a…
Between, say December 25, 2019, and June 23, 2020, world crude (brent) oil prices have fallen by nearly 37 per cent. They had fallen by over 60 per cent between end-December and mid-April, but there has been some price-recovery since…
India’s central government was faced with a fiscal crisis even prior to the Covid-induced lockdown. Provisional estimates from the Controller General of Accounts of actual revenues collected in financial year 2019-20, or the fiscal year that ended March 2020, point…
Something very odd is happening in the United States. The coronavirus toll keeps rising with no end in sight. The economy has virtually collapsed with more than 40 million people filing for unemployment. Thousands are out on the streets protesting…
It is generally recognised that the Indian economy was already in a steep slowdown well before the Covid-19 pandemic and badly planned lockdown further destroyed economic activity. But what is possibly not so well understood that that a major reason…
The tropical region can grow a variety of crops which either cannot be grown at all, or for much of the year, in the cold temperate regions of the world where metropolitan capitalism is located. These include beverages, fibres, vegetables…
One of the most vocal critics of neoliberalism in general and the socioeconomic policies of India’s BJP-led Central government in particular, eminent economist Jayati Ghosh is known for her sharp and lucid views on social issues. In a conversation with…
