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Economy and Society

Home Economy and Society

Here’s what Modi’s 2019 Budget can – but won’t – do about India’s jobs crisis

  • January 30, 2019
  • Jayati Ghosh
  • Economy and Society, Employment, Monetary Policy
  • 0 Comments

The Brahmastra, or ultimate weapon, of 10% reservation in government employment for economically weaker sections (EWS) has been cynically deployed already, but even that does not seem to be delivering the desired public approval. Perhaps the general public has wised…

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The Failed Promise of Employment

  • January 17, 2019
  • C. P. Chandrasekhar
  • Economy and Society, Employment
  • 0 Comments

As election 2019 approaches, the Modi government, damaged by agrarian distress, is also being challenged by evidence that its record on employment generation has been extremely poor. To recall, in its campaign during the 2014 election which brought it back…

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A Misleading Debate

  • January 10, 2019
  • Prabhat Patnaik
  • Economy and Society, Finance, Macroeconomics
  • 0 Comments

For some time now there has been a debate in the country that is as esoteric as it is misleading, namely whether the Reserve Bank of India’s reserves should be drawn down by the government to finance its expenditure. On…

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The Yellow Vest Movement

  • December 17, 2018
  • Prabhat Patnaik
  • Economy and Society
  • 0 Comments

Nothing shows the crisis of neo-liberal capitalism more clearly than the popular uprising in France that is occurring under the banner of the “Yellow Vest” movement. Thousands are congregating in Paris over week-ends to protest against the intolerable burdens being…

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Contemporary Capitalism and The World Of Work

  • December 4, 2018
  • Prabhat Patnaik
  • Economy and Society, Employment, Political Economy
  • 0 Comments

The most significant feature of contemporary capitalism which is of relevance to the world of work is its inability to provide work to a substantial proportion of persons looking for it. This is not just a matter of economic denial,…

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A Heart-Rending Episode

  • November 14, 2018
  • Prabhat Patnaik
  • Economy and Society, Finance, Political Economy
  • 0 Comments

This year marks the seventy-fifth anniversary of the Bengal famine of 1943, a heart-rending episode in which 3 million persons died, and which epitomized the callousness of imperialism. The scale of devastation can be understood if we remember that in…

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India’s wealthy barely pay taxes

  • November 6, 2018
  • C. P. Chandrasekhar and Jayati Ghosh
  • Economy and Society, Macroeconomics
  • 0 Comments

India is often mistakenly seen as a country with relatively low economic inequality. In fact, there were always very significant economic inequalities in India, which intersected with social and locational inequalities in complex ways. More significantly, the country’s inequalities widened…

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Modicare: A Revolutionary step or a ‘Giant Leap Backwards’?

  • October 18, 2018
  • Rohit Azad and Subhanil Chowdhury
  • Economy and Society
  • 0 Comments

PM Modi’s signature Ayushman Bharat programme launched on Sept 23, 2018 has been touted by most in the mainstream media as nothing short of a revolution with some calling it the biggest healthcare programme in the world. Is that so?…

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Women’s work in India

  • September 10, 2018
  • Jayati Ghosh
  • Economy and Society, Employment
  • 0 Comments

One of the difficulties with discussions on employment in India is the tendency to conflate employment and work. But employment is only that part of work that is remunerated, and in India a vast amount of work is actually unpaid…

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Emergency 2.0

  • August 30, 2018
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

For many Indians, the period of the Emergency in the mid 1970s represents the blackest period for Indian democracy since Independence. As a student at University during that time, seeing the repression and fear all around and knowing some of…

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