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Articles

Home Articles

The Indian Economy in A Tailspin

  • September 24, 2018
  • Prabhat Patnaik
  • Finance, Monetary Policy, Trade and balance of payments
  • 0 Comments

The Indian economy is in a tailspin. This cannot be attributed only to innocence in economic matters of the command-centre of the NDA government. While that is indubitably a contributing factor, the current travails of the economy point to something…

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Whither Indian Economy?

  • September 24, 2018
  • Sunanda Sen
  • Fiscal Policy, Macroeconomics
  • 0 Comments

Growing concerns on the current state of the Indian economy, which have been met with responses filled with assurances and proposals from official circles for remedial actions on part make it urgent to delve into the issues which spell out…

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The Larger Crisis that NPAs Signal

  • September 17, 2018
  • Macroscan Team
  • Industry, Macroeconomics
  • 0 Comments

Having overcome a legacy of extreme shortage of supply, India’s power sector is in the midst of a crisis with ramifications of a wholly different kind. The crisis arises because firms accounting for significant proportion of power sector assets have…

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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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Pakistan: Who needs a crisis?

  • August 29, 2018
  • C. P. Chandrasekhar
  • World Economy
  • 0 Comments

With Imran Khan’s Pakistan Tehreek-e-Insaaf (PTI) or “Movement for Justice” winning 116 of the 272 seats filled through election in Pakistan’s National Assembly, the former cricketer is set to be installed as his country’s next Prime Minister. So attention has…

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Begging and Criminality

  • August 13, 2018
  • Prabhat Patnaik
  • Economy and Society, Poverty
  • 0 Comments

On Wednesday August 8, the Delhi High Court decriminalized begging in the capital. In the course of its hearing it had raised the question how begging could be an offence in a country where the government was unable to provide…

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Ranking Universities

  • August 6, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The proposal to eliminate the University Grants Commission and to tighten political control over the higher education system in India, has been mooted at the behest of Narendra Modi who is apparently concerned about the dearth of Indian names among…

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Crop Insurance: Another Dressed Up Scheme

Crop Insurance: Another dressed up scheme

  • August 2, 2018
  • C. P. Chandrasekhar
  • Food and Agriculture, Political Economy
  • 0 Comments

Among the pro-farmer policies that the NDA government claims to have initiated, one often flagged is the modified crop insurance scheme titled Pradhan Mantri Fasal Bima Yojana (PMFBY). Effective as of kharif season 2016, this scheme is supplemented with the…

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Capitalism’s Discourse on “Development”

  • July 30, 2018
  • Prabhat Patnaik
  • Development Economics, Economy and Society, Poverty
  • 0 Comments

Capitalism’s discourse on “development” which has become quite influential all over the third world in the neo-liberal period proceeds as follows: (i) “development” must consist in shifting the work-force from the traditional (petty production) sector which is overcrowded with low…

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