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Monthly Archives: March 2024

Home 2024 March

In the Name of the South: India’s aggressive economic diplomacy

  • March 26, 2024
  • C. P. Chandrasekhar
  • Political Economy, World Economy
  • 0 Comments

India’s government has since the year of its G20 Presidency claimed to have restored the country’s role as the ‘Voice of the South’ in global dialogues. That is often backed up by reference to its efforts to focus attention on…

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Once More on Poverty Figures of India

  • March 25, 2024
  • Prabhat Patnaik
  • Macroeconomics, Poverty
  • 0 Comments

The other day the Chief Executive Officer of Niti Ayog made a fantastic claim, that the poverty ratio in India had fallen below 5 percent according to the 2022-23 consumption expenditure survey data. His claim was based on the fact…

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On the Fuss over US Interest Rates

  • March 19, 2024
  • C. P. Chandrasekhar
  • Macroeconomics, Monetary Policy
  • 0 Comments

Recent discussions on economic policy in the US and other high-income nations make it appear that there is only one domain and one instrument that really matter: monetary policy and interest rates. Whether on the eve of meetings of the…

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Capitalist Trap for Scientific Advances

  • March 18, 2024
  • Prabhat Patnaik
  • Development Economics, Monetary Policy
  • 0 Comments

There is a paradox at the core of the efflorescence of science that has occurred over the last millennium. In essence this efflorescence has the potential to increase human freedom immensely. It increases the capacity of man within the man-nature dialectic; scientific…

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Subtle War at the WTO

  • March 7, 2024
  • C. P. Chandrasekhar
  • Trade and balance of payments, World Economy
  • 0 Comments

At the time of writing, the 13th ministerial meet of the World Trade Organisation (WTO) is under way in Abu Dhabi. Among the many issues that are being discussed are two of concern for less developed countries generally and India…

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Making Sense of the Latest Consumption Survey

  • March 5, 2024
  • Jayati Ghosh
  • Economy and Society, Poverty
  • 0 Comments

For well over a decade, policy makers and citizens had little idea of the extent of income poverty or economic inequality in India, because of the absence of official survey data on consumption expenditure, which have formed the basis of…

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