The wisdom of pursuing a strategy of export-led growth has been discussed among development economists for at least half a century, ever since the so-called East Asian “miracle” started to be contrasted with the comparatively sluggish growth experience of countries…
One of the striking findings of the Bihar Caste Survey, which bears out what the Left has been asserting for a long time, is that absolute poverty in the country is far more pervasive than what successive governments in India…
The eighteenth and nineteenth centuries had witnessed the emergence of two different paradigms of colonialism: the first, of which India was the classic example, involved the conquest of countries which had had a history of established central administrations that were…
In an economy like ours where the work-force is not neatly divided into “the employed” and “the unemployed”, and instead there is massive and growing casualisation of work, measuring unemployment is a tricky business. It necessarily means asking a person…
Significant segments of the non-Communist Western Left see the developing contradiction between the United States and China in terms of an inter-imperialist rivalry. Such a characterisation fulfils three distinct theoretical functions from their point of view: first, it provides an…
All fascistic outfits have one common characteristic: they reject outright all evidence that goes against the narrative they spin; and the Hindutva elements in power in India are no exception. Their narrative presents India as the fastest growing economy in…
In response to the attack by Hamas on October 7, Israeli forces have not only pounded the Gaza strip with massive bombing, killing nearly 2000 Palestinians and wounding at least 7000 (till Friday night), but have cut off all supplies…
One of the most intriguing questions at present is why Europe’s political leadership has become complicit in what appear to be US efforts at undermining European economies. The well-known American investigative journalist Seymour Hersh, having already provided evidence that the…
The Modi government, ever solicitous of corporate interests, has launched a plan whereby real estate developers and other corporates will be allowed to destroy large swathes of India’s forest cover for starting projects that rake in profits. It is amending…
The current upsurge in prices in India is led by food prices. In July 2023 while retail inflation was 7.44 per cent (over July of the previous year), food price inflation, which covers all food items including foodgrains, vegetables, milk…
