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Economy and Society

Home Economy and Society

Pathetic State of the Economy: Modi government hides data

  • November 25, 2019
  • Prabhat Patnaik
  • Economy and Society, Poverty
  • 0 Comments

The National Statistical Office (NSO) has decided not to release the quinquennial survey data on consumer expenditure for 2017-18. This is because these data, leaked by The Business Standard (Nov.15) show a drop of 3.7 percent in real per capita…

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The Growing threat of Water Wars

  • November 14, 2019
  • Jayati Ghosh
  • Economy and Society, World Economy
  • 0 Comments

In 2015, United Nations member states adopted the Sustainable Development Goals, which include an imperative to "ensure availability and sustainable management of water and sanitation for all." Yet, in the last four years, matters have deteriorated significantly. Click here for…

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The opposite of what was needed

  • September 30, 2019
  • Prabhat Patnaik
  • Economy and Society, Macroeconomics
  • 0 Comments

The reduction in the corporate tax rate by the BJP government, which would entail a transfer of Rs.1.45 lakh crores from the public exchequer to the corporate sector, has been generally seen to be insufficient for overcoming the slowdown in…

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RCEP: A dangerous drift

  • September 25, 2019
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

In another instance of lack of clarity in economic decision making, the NDA government seems to be drifting into signing on to the Regional Comprehensive Economic Partnership (RCEP) Agreement potentially involving 16 Asia-Pacific partners. Under discussion for 7 years now,…

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Official Reforms and India’s Real Economy

  • September 24, 2019
  • Sunanda Sen
  • Economy and Society, Macroeconomics
  • 0 Comments

That the Indian economy is currently experiencing a slowdown  is more than evident, both with the deliberations in different private circles and with official statements signalling a series of remedial measures , mostly focussed on the ailing financial sector! However, as…

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What Can the Government Do to Revive India’s Real Economy?

  • September 5, 2019
  • Sunanda Sen
  • Economy and Society
  • 0 Comments

That the Indian economy is currently experiencing a slowdown has been rather evident, both with the deliberations in different private circles and in the official statement announcing a set of remedial measures on August 23. Downtrends in the economy are visible in…

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Hardly the Brick and Mortar of a Revival

  • August 30, 2019
  • Jayati Ghosh
  • Economy and Society, Macroeconomics
  • 0 Comments

There is no longer any room for doubt on the parlous state of the Indian economy. The automobile industry, seen as a bellwether of activity in the post-liberalisation years, is in crisis, as automakers, parts manufacturers and dealers have laid…

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The Roots of Economic Pessimism

  • August 16, 2019
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

The Indian establishment’s obsession with GDP growth and stock market performance to the exception of all else, especially economic and social deprivation, is coming home to roost. Recent media reports on the state of the economy have highlighted three supposedly…

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Amit Shah’s Economics

  • August 13, 2019
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

In justification of the move to end Kashmir’s special status, Amit Shah in his speech in the Rajya Sabha brought in the question of Kashmir’s “development”, arguing that closer integration with the rest of India will bring in much investment…

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The Indian Economy is Blaring Warnings, but the Modi Government Remains in Denial

  • August 9, 2019
  • Jayati Ghosh
  • Economy and Society
  • 0 Comments

Suddenly, it seems like everything is shrinking in India: our capacity for tolerance and diversity, the space for democratic expression and dissent – and now, economic growth. The warning signs have reached a point where they cannot be ignored any…

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