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Political Economy

Home Political Economy

The Economy: The end of euphoria

  • May 27, 2015
  • C. P. Chandrasekhar
  • Macroeconomics, Political Economy
  • 0 Comments

Having come to power by fanning high expectations of what it would deliver on the economic front, the Modi government’s first year has proved dull and dreary. Dull because there is little the government has to show, even on the…

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Fiscal Consolidation through Austerity

  • May 25, 2015
  • C. P. Chandrasekhar
  • Fiscal Policy, Political Economy
  • 0 Comments

On May 17, the Controller General of Accounts released the audited provisional accounts of the central government for 2014. Unlike the revised estimates in budgetary documents, these figures include actual figures for the month of March. A terse Statement from…

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Unseen Workers: Women in Indian agriculture

  • April 1, 2015
  • Jayati Ghosh
  • Food and Agriculture, Political Economy
  • 0 Comments

It is safe to say that Indian agriculture could not survive and would not have survived without the huge contribution of women workers. Their role has been absolutely pivotal – as farmers, as co-farmers, as unpaid workers on family farms,…

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India’s Daughter: Since the Delhi rape things have got worse

  • March 9, 2015
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

The day after the Indian government banned the BBC documentary India’s Daughter, on the horrific gang rape and killing of a student in Delhi, a 10,000-strong mob broke into a jail in a town in Assam, dragged out an alleged rapist, beat…

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Lessons from the Coal Blocks Auction

  • March 4, 2015
  • C. P. Chandrasekhar
  • Industry, Political Economy
  • 0 Comments

The first round of the auction of mining rights in 18 coal blocks to user firms in the private sector in the power, steel and cement industries has been completed. If the figures being circulated of the revenues or benefits…

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Growth and Hunger

  • February 23, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

India, we are constantly reminded, is one of the more rapidly growing economies of the world at present; and even though the growth rate has come down somewhat of late, official figures show that it still remains quite high. What…

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In Search of Clean Air

  • February 20, 2015
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

Saturday 7 February was voting day in the capital city of Delhi. So it was effectively a holiday for many workers, who only had to walk to their polling stations to cast their votes for the Assembly elections. This meant…

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The “Niti Ayog”

  • January 12, 2015
  • Prabhat Patnaik
  • Macroeconomics, Political Economy
  • 0 Comments

The Planning Commission, set up under Jawaharlal Nehru’s Prime Ministership, was a logical expression of an idea that underlay India’s anti-colonial struggle, namely that in independent India, an improvement in the material conditions of life of the people, subjugated and…

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Prof. Bhagwati has Got it Wrong

  • January 12, 2015
  • Rohit Azad
  • Political Economy, Trade and balance of payments
  • 0 Comments

Prof. Jagdish Bhagwati has written an invited article on the front page of Economic Times on January 9. He has made a strong case for Narendra Modi’s Make in India (and sell abroad) campaign and has urged the Prime Minister…

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The RBI Governor’s Unwarranted Remarks

  • January 2, 2015
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

The Governor of the Reserve Bank of India, Dr. Raghuram Rajan, while inaugurating the annual conference of the Indian Economic Association at Udaipur on the 27th of December, questioned the wisdom of the debt-waiver scheme for agriculturists, which the UPA…

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