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…
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,…
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…
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…
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…
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…
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…
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…
One of the immanent tendencies of capital is to commoditize every sphere of life; and under neo-liberal capitalism where the immanent tendencies of capital are given full play, we find the sway of commoditization reaching into new areas. The commoditization…
The self-reinforcing pattern of high profits, low investment, and rising inequality poses a threat not only to economic growth, but also to democracy, argues Jayati Ghosh. Click here for full article. * This article was originally published in the Project Syndicate on July 16,…
