While the world remains preoccupied with the geopolitical and humanitarian fallout of the Russian invasion of Ukraine, its economic consequences are increasingly a matter for concern. Though the two countries at war account for less than two and one half…
The relocation of capital from the advanced capitalist countries of the north to low- wage countries of the south in the current era of globalisation has received much attention; but there is another kind of relocation that has not received…
Denials and rejections of the most pressing issue in the Indian economy today – which is providing employment as minimum livelihood options for the majority – need to be underscored in the current budget. Added to the above are the…
Denials and rejections, of the most pressing issue in the Indian economy today which is providing employment as minimum livelihood options for the majority, needs to be underscored in the current budget. Added to above are the woes related to…
In her budget speech 2022, the finance minister claimed that the centre pieces of the budgets for both the current financial year (2021-22) and the next (2022-23) are sharp increases in capital expenditure driven by enhanced public investment. That expenditure…
No budget in recent memory has been presented at a time when the economy is in such dire straits: unemployment is so bad that there are job riots in Bihar and UP; wealth and income inequalities are among the worst…
India is an outlier in terms of low government spending during the pandemic, as we noted last month in an earlier article. Unlike advanced economies and even most developing and emerging market economies, the Indian government did not ramp up…
One of the most important arguments advanced by John Maynard Keynes, the renowned economist, was that the operation of financial markets under capitalism is deeply flawed. Such markets are intrinsically incapable of distinguishing between “enterprise” where an asset is held…
In recent years, when the economy as a whole performed poorly, reports on how old and new businesspersons accumulated huge volumes of wealth in short timespans have been commonplace. There is also evidence that conspicuous consumption is on the rise.…
In early December, the State Bank of India (SBI), which dominates the country’s banking sector announced that it had entered into a partnership with Adani Capital, a private sector non-bank finance company (NBFC). The aim was to engage in “co-lending”…
