Economy and Society

Why workers lose
30 May, 2017, C.P. Chandrasekhar
The IMF’s push to delink the decline in the share of labour in national income from the rise of finance, neoliberalism and globalisation leads to a set of banal prescriptions on how to deal with a problem that is at the centre of the crisis of capitalism today.
The Illusion of an Economic Spring
17 May, 2017, C.P. Chandrasekhar
While policy makers, analysts and observers paint a picture of an ongoing global economic recovery, the numbers seem to drag the optimists down.
The Ways of the Judiciary
26 April, 2017, Prabhat Patnaik
There is a disturbing common pattern underlying the cases of Babri Masjid and the location of liquor shops and bars; and it is that the proverbial blindness of justice appears to be absent in both cases.
Communalism and Working Class Struggles
10 April, 2017, Prabhat Patnaik
Neo-liberalism creates the condition for the growth of majority communalism by making mobilizations along class lines more difficult, despite the squeeze it imposes on the toiling classes.
The Persistence of Child Marriage
29 March, 2017, Jayati Ghosh
Despite all the talk of modernisation the prevalence of child marriage still continues across most parts of the country.
Narendra Modi on Poverty
20 March, 2017, Prabhat Patnaik
When Narendra Modi talks of shifting away from giving doles to the poor, what he has in mind is that the money being currently used for welfare schemes for the poor should be withdrawn from such schemes and handed over to the corporate magnates.
The Consequences of Legal Impunity
15 March, 2017, Jayati Ghosh
The way the state dealt with the two communal massacres and their aftermath in Bihar and Gujarat is a stinging commentary on India’s justice system in an area where it possibly matters the most.
The Latest GDP Estimates
13 March, 2017, Prabhat Patnaik
The article discusses the possible reasons for the latest GDP estimates provided by the CSO not capturing the recessionary impact of demonetization which is an indisputable and established fact.
Quarterly GDP Estimates: Curiouser and curiouser
02 March, 2017, Jayati Ghosh
CSO's latest GDP estimates for the third quarter throw up some real surprises as these run counter to all the evidence of depressed demand, of massive drops in sales, of job losses and of a significant hit especially on small scale and informal manufactured goods producers following demonetisation.
Marital Breakdown in India
28 February, 2017, C.P. Chandrasekhar & Jayati Ghosh
Although divorce rates are low in India, separation is the dominant form of marital dissolution, and this is especially problematic for women because of the uncertain legal status and lack of rights.
In the 2017 Budget, the Government has Compounded its Folly
06 February, 2017, Prabhat Patnaik
Not only has the damage caused by demonetisation remained unaddressed, but even the opportunity provided by demonetisation has remained un-utilised in the 2017 Budget.
A Universal Basic Income in India?
03 February, 2017, Jayati Ghosh
The idea of basic income that is very much part of the idea of a universal social protection floor, cannot be seen as a substitute for public provision of basic goods and services; rather it must be an addition to it.
A Disappointingly Ordinary Budget for Extraordinary Times
02 February, 2017, Jayati Ghosh
Budget 2017 is remarkable in its absence of any of populist measures that are directed towards the welfare of the masses. What is surprising is that it does not address some of the most important macroeconomic concerns today.
Budget 2017-18: Utterly ordinary
02 February, 2017, Jayati Ghosh
Coming soon after the drastic demonetisation, there were many expectations riding on this Budget, but none of these expectations has been met in this utterly ordinary budget.
Will We Miss the Budget Opportunity?
31 January, 2017, Jayati Ghosh
The economic slowdown, induced almost entirely by demonetisation, necessarily requires significantly enhanced public spending; but it doesn’t appear to be forthcoming.
Budget 2017 must Support those Worst Hit by Demonetisation
31 January, 2017, Jayati Ghosh
To counter the contractionary forces unleashed by demonetisation, Budget 2017 should direct fiscal resources to informal activities that have seen the greatest decline and to poor people who have been hardest hit.
Neo-Liberal Capitalism and India's Nationhood
30 January, 2017, Prabhat Patnaik
The era of neo-liberalism has seen a retrogression when it comes to the material pre-requisites for the nation-building project that had been launched with the anti-colonial struggle.
No Digital Base for a Cashless Economy
27 January, 2017, C.P. Chandrasekhar
In the absence of a digital base for a cashless economy, India’s road to a near-cashless economy seems fairly long and the journey is likely to be slow and tedious.
Buckling under Pressure
18 January, 2017, Jayati Ghosh
There has been a depressing erosion in the credibility of the major institutions that in different ways are vital for the functioning of our democracy as they are bent to the will of the ruling dispensation.
Waning Stimuli
17 January, 2017, C.P. Chandrasekhar & Jayati Ghosh
Banks strapped with stressed assets are holding back on lending, dampening in the process the principal stimulus to growth in recent years. And there are no alternative routes to growth in sight.
Digital Dreams
21 December, 2016, Jayati Ghosh
The government’s mad rush towards a cashless economy ignores the presence of the large unbanked population that will not gain from incentives being offered for digital transactions.
Money and the Social Contract in India
13 December, 2016, Jayati Ghosh
We are now in relatively uncharted economic territory in India. But this also means that we may be entering an entirely new phase of our social contract as well.
The Political Economy of Demonetising High Value Notes
15 November, 2016, Jayati Ghosh
The November 8 announcement by the Prime Minister is an ill-conceived and even more poorly executed move that appears to be an attempt by the government to display a lot of sound and fury, but signifying very little.
Understanding the American Right
26 October, 2016, Jayati Ghosh
One of the reasons for the solid, intense support that Donald Trump commands is his complete disdain for political correctness, which appears exhilarating and liberating to such people who have felt suppressed for so long.
The Growing Resistance against Globalization
21 October, 2016, Prabhat Patnaik
All across the world the tide is beginning to turn against globalization through the growing resistance of the working people and remarkably, nowhere it is being led by the Left.
Recognising Different Skills and their Uses
14 September, 2016, Jayati Ghosh
Definition of skill with reference of economic activities is more complex, involving different kinds of skills that are not always easily recognised, since purely technical skills seem to get all the attention in the discussion about skill formation.
India and Indians at Seventy Plus
08 September, 2016, Jayati Ghosh
For most of the Indian people aged 70 or more, their sheer survival may be the most positive aspect of their lives since the state instead of taking any measures of social protection puts the burden of their care on families without considering their own economic situation.
The Flawed Premises of GST
30 August, 2016, Chirashree Das Gupta
The author in this article takes a second look at the biggest tax reform in a long time and points out where the rationale for the goods and services tax is flawed.
Managing the Corporate-Communal Alliance
02 August, 2016, Prabhat Patnaik
To keep the corporate-communal alliance going, the recalcitrant elements on both sides have to be managed carefully and the alliance must deliver to the partners who constitute it.
National IPR Policy and Innovation
18 July, 2016, Reji K. Joseph
This article seeks to analyse critically the relationship between innovation and IPRs with a view to understand the implications of the IPR Policy for India.
Globalization and the World’s Working People
11 July, 2016, Prabhat Patnaik
Contrary to the impression that Globalization would benefit all, it has actually worsened the conditions of the broad mass of the working people in both parts of the world.
Two Tales of Contrast
26 May, 2016, Jayati Ghosh
Among the terrible legacies of the Modi government's first two years, are its double standards, as evidenced by the recent experiences, which will have negative repercussions.
Societal Involution in the North
16 May, 2016, Jayati Ghosh
Recent social and political trends in the US and in parts of Europe point to the regressive tendencies that seek to recreate a past that seems less complicated, but manages to intensify unhappiness.
A Singular Person
27 April, 2016, Jayati Ghosh
The new collection of Ashok Mitra’s essays gives a sharp analysis of contemporary India and a sentimental journey that provides an evocative and memorable tour of some aspects of its making.
The State of the Economy
08 April, 2016, Prabhat Patnaik
There is a remarkable constriction of the size of the domestic market and stagnation of industrial sector in India due to inadequate purchasing power in the hands of the people.
Exclusion from Public Service, Indian Style
30 March, 2016, Jayati Ghosh
Even with a limited focus on three essential public goods the India Exclusion Report 2015 brings out the comprehensive and overlapping character of exclusion in Indian society.
Anti-national Economics
16 March, 2016, Jayati Ghosh
The author here argues that the policies that go against the interests of the people are anti-national and NDA's economic policies are profoundly anti-national in that sense.
Budget 2016-17: Hype is all
15 March, 2016, Prabhat Patnaik
Behind all the hype about a pro-poor budget, the actual provisions of the government for the major social sectors are found to be too paltry to improve the lives of the poor.
Why do we have Unemployment?
14 March, 2016, Prabhat Patnaik
Under neoliberal capitalism, where the level of activity requires bubbles to sustain itself, the existence of unemployment must be attributed to the paucity of aggregate demand.
A Sinister Pattern Underway
07 March, 2016, Aruna Roy & Nikhil Dey
The ruling party is doing its best to establish that being critical of its government is tantamount to being anti-national. It is time for us to realise that the freedom won so hard, is under threat unless we collectively protect our constitutional rights.
MNREGA under the Modi Regime
21 January, 2016, Jayati Ghosh
The continuous cutting down of the financial outlays for the programmes like MNREGA clearly indicates the central government's appalling disregard for its legal obligations.
Growth through Redistribution
21 January, 2016, Prabhat Patnaik
Contrary to the portrayal by the neoliberal spokesmen, the Left position does not accept the growth versus redistribution dichotomy, rather asserts that growth can occur in a sustained manner through redistributive measures.
The Heavy Price of Economic Policy Failures
07 January, 2016, Jayati Ghosh
While the citizenry pay a heavy price for economic policy failures, those responsible for the implementation of this are never blamed and they continue to impose their power and expertise on economic policies and on governing institutions.
A Candid Assessment?
06 January, 2016, C.P. Chandrasekhar
The Finance Ministry's mid-year review talks of positives, that are more in the nature of disappearing negatives, but it cannot conceal the fact that there has been little advance on the development front.
The Seventh Pay Commission Report
14 December, 2015, Prabhat Patnaik
A drastic squeeze on salary increases and a widening of disparities within the real emoluments of the central government employees imposed by the 7th Pay Commission typically characterizes a neo-liberal regime that must be resisted.
Of Polls, Politics and Punditry
30 November, 2015, Jayati Ghosh
Bihar election results have proved to be an outstanding example of the limits of the English speaking national media, both in terms of predictions and analysis.
The Stench of Counter-Revolution
13 November, 2015, Prabhat Patnaik
Today we witness an attempt to change the nature of the Indian State to a Hindu Rashtra, which is a hallmark of the counter-revolution and needs to be resisted with all strength.
The Slogan of "Make in India"
10 November, 2015, Prabhat Patnaik
Although apparently the "Make in India" campaign appears innocuous, it is actually a dangerous one since the potential thrust of the campaign is in the direction of constricting democracy and squeezing the working people.
The Nobel Committee for Economics Makes Amends, at Least for Now
16 October, 2015, C.P. Chandrasekhar
The choice of Angus Deaton as winner of the 2015 Economics Nobel comes at a time when there is increasing global concern about rising inequality.
The Question of Learning
15 October, 2015, Jayati Ghosh
The abysmal state of school education in Rajasthan is symptomatic of a deep and cynical neglect of public education that is likely to have devastating consequences for the future of our society.
Cutting off Aid to India is more about Selfishness than Sense
12 October, 2015, Jayati Ghosh
The cessation of foreign aid to India symbolises Britain's lack of empathy for the less fortunate and the absence of any sense of accountability for its own past actions.
The State as Fiefdom
06 October, 2015, Prabhat Patnaik
Using the State machinery for settling personal scores must qualify as corruption and must be opposed.
Giving Water Workers their Due
11 September, 2015, Jayati Ghosh
The workers who ensure the treatment, delivery and conservation of water across societies are the vast majority who are informal workers, often unpaid and largely unrecognised.
Educational Matters
04 September, 2015, Prabhat Patnaik
The general absence of any intensity of intellectual engagement in the Indian institutions of higher education today makes the overall situation extremely and indubitably bleak.
From "Development" to "Poverty Alleviation": What have we lost?
19 August, 2015, Jayati Ghosh
The perspective of development has shifted in the neoliberal marketist paradigm and the place of development economics has been replaced by a focus on poverty alleviation.
Black Notes in the Stock Market
17 August, 2015, C.P. Chandrasekhar
Even though SIT strongly recommends that PNs should be phased out if they cannot be made more transparent, they are unlikely to be banned as the government fears investor exit.
The Socio Economic and Caste Census
05 August, 2015, Jayati Ghosh
The Socio Economic and Caste Census provides more comprehensive household listings, but the method of determining the poor that has been adopted in the Census is deeply flawed.
The Internet in "Digital India"
24 July, 2015, C.P. Chandrasekhar
According to the latest NSSO data, the proportion of Indian households in which at least one member had access to the internet is far short of the near universal connectivity envisaged by the Digital India mission.
The Search for India's Bulky Middle
22 July, 2015, C.P. Chandrasekhar
The Pew study estimates suggest that in the most successful years of the neoliberal project, the expected expansion of the global middle class, which is required to sustain high growth has not been realised.
The Dismal State of Rural India
10 July, 2015, Prabhat Patnaik
The recently released socio economic and caste census paints a dismal picture of rural India where more than half of the total rural households survive on manual casual labour.
Power Tariff Hike in West Bengal
17 June, 2015, Prasenjit Bose
One of the necessary steps towards tackling the problem of power tariff hike in West Bengal is to break the monopoly of the CESC in Kolkata and adjoining areas.
North Cyprus: Complicated, contradictory, charismatic
15 April, 2015, Jayati Ghosh
The historical strife between the Turks and the Greeks has led to a peculiar dilemma for North Cyprus that can only be resolved by the very cosmopolitanism that defines it.
India's Daughter: Since the Delhi rape things have got worse
09 March, 2015, Jayati Ghosh
The banning of the BBC documentary points to the fact that the Indian government’s real concern is the international image of the country rather than the safety of women.
Growth and Hunger
23 February, 2015, Prabhat Patnaik
The declining foodgrain absorption in India is indicative of growing hunger- a symptom of deprivation, caused by the privatisation of services like education and health.
In Search of Clean Air
20 February, 2015, Jayati Ghosh
The worsening atmospheric pollution in India threatens the basic health and well-being of people but sadly, almost nothing is being done in terms of effective public policy.
India's Rural Employment Programme is dying a Death of Funding Cuts
06 February, 2015, Jayati Ghosh
The historical rural employment programme that was started ten years ago is being slowly weakened by lack of adequate funding and State neglect.
Revisiting Rural Indebtedness
05 February, 2015, C.P. Chandrasekhar
The distribution of rural credit disbursement is skewed and biased towards the rich and warrants better access to all sections for improved capital formation in agriculture.
Skills Mismatch and All That
02 February, 2015, Jayati Ghosh
The challenge of good quality employment generation requires an approach which sees skill development as part of a broader macroeconomic and development strategy.
The Phenomenal Increase in Wealth Inequality
16 December, 2014, Prabhat Patnaik
The recent Global Wealth Report by Credit Suisse shows inequality growth in India since 2000 has been the highest with the top one percent controlling 49% of total wealth.
The Land of Exclusion
28 November, 2014, Jayati Ghosh
The findings of a recent report on inequalities in India provide a sobering reminder of how far we are from reaching even the most basic promises of our Constitution.
The Nehru Legacy
27 November, 2014, C.P. Chandrasekhar
Although the Congress is using the Nehruvian tradition to win political legitimacy, it has actually rejected the essentials of the Nehruvian economic trajectory.
Turning Citizens into Mendicants
18 November, 2014, Prabhat Patnaik
The shifting of responsibility of sanitation infrastructure from the state to corporate sector is a breach of the rights and dignity of the common citizenry.
Is the Swachch Bharat Mission the Way to a Cleaner India?
13 November, 2014, Jayati Ghosh
If Bharat is to become Swachch, it cannot achieve this without proactive concern for the lives and working conditions of those who are responsible for keeping our spaces clean.
What Exactly is Work?
31 October, 2014, Jayati Ghosh
If the way of recognising and measuring work in India is changed according to the new ICLS definition, the picture of female work participation trend would change remarkably.
IPR Policy Must Drive Innovation
08 October, 2014, Biswajit Dhar
Making a national IPR policy entails a balance between public policy objectives and the private rights of creators; otherwise it may serve only narrow corporate interests.
Is Rising Income Inequality Inevitable?
16 September, 2014, C.P. Chandrasekhar & Jayati Ghosh
In spite of globalisation and technological change, patterns of inequality within a country reflect internal political economy, and can be changed by political choice.
India: The global laggard in meeting the MDGs
11 September, 2014, Jayati Ghosh
Most of the eight Millennium Development Goals given by the UN will not be achieved due to lack of progress in Sub Saharan Africa and South Asia, particularly in India.
How "Buoyant" are Central Government Taxes?
22 July, 2014, C.P. Chandrasekhar & Jayati Ghosh
The authors here suggest that the fiscal optimism is misplaced while projecting substantial increases in tax revenues despite many tax sops in the Budget for this year.
Onward March towards Privatisation and Insecurity
21 July, 2014, Amiya Kumar Bagchi
The trend towards privatising public assets in order to augment private profits at public cost continues unabated, as is evident from the first budget of the Modi government.
The Missing Honeymoon
09 July, 2014, C.P. Chandrasekhar
The government's decisiveness in ensuring quick clearances for big, infrastructure projects would please the corporate sector and private capital, but not the rest of India.
On the Indian General Election 2014 Results
22 May, 2014, Jayati Ghosh
India witnessed the victory of religious majoritarianism with corporate funding, and promises an authoritarian right wing State that might undermine Indian democracy.
A Political Economy of the Elections
06 May, 2014, C.P. Chandrasekhar
Blind faith on economic growth took the Congress away from inclusiveness and public opinion but the BJP follows the same lead and does not provide any economic alternative.
The BJP's Election Manifesto
17 April, 2014, Jayati Ghosh
One of the most dangerous aspects of the BJP's vision for India is that it envisages the enforcement of an aggressively pro-big business agenda.
Big Business and Mr. Modi
16 April, 2014, C.P. Chandrasekhar
If India is not to be handed over to big business and a rabidly communal fringe, it is best to keep Narendra Modi out of the Prime Minister's office.
Have Workers in Gujarat Benefited from "Development"
09 April, 2014, C.P. Chandrasekhar & Jayati Ghosh
In the backdrop of a much talked about Gujarat model, the authors examine the state of casual workers in Gujarat only to find them to be among the worst of anywhere in India.
What about the Aam Aurat?
12 February, 2014, Jayati Ghosh
The increasing evidence of patriarchal attitudes towards women among the AAP leaders is the most compelling reason for the growing wariness about the party among many people.
Is Social Discrimination in Indian Labour Markets Coming Down?
04 February, 2014, C.P. Chandrasekhar & Jayati Ghosh
Indian labour markets are segmented by gender, caste and other social categories. But recent evidence of the wage gaps suggests some improvement, especially in rural areas.
Understanding the "Mango People"
31 December, 2013, Jayati Ghosh
People's aspiration for alternative, symbolised by AAP's success, creates progressive political possibilities if the left can see the changing realities and think creatively.
Animal Spirits
24 December, 2013, C.P. Chandrasekhar
As GDP growth slows, the government focuses on ways of raising investment in the economy. But evidence from the CSO suggests that the source of the problem may lie elsewhere.
Is There a Case for Fiscal Stringency in India Now?
11 December, 2013, C.P. Chandrasekhar & Jayati Ghosh
The authors examine the evidence on central government’s receipts and expenditure thus far and consider the validity of the case for fiscal stringency at this point.
Democracy, Neoliberalism and Inclusiveness
26 November, 2013, C.P. Chandrasekhar
A strategy of inclusive development is required instead of the rhetorical "inclusive growth" propagated by two main political parties in the run-up of next general election.
Goliath's Nasty Ways: Chevron and the people of the Amazon
14 November, 2013, Jayati Ghosh
In the Ecuador environment damage case, Chevron’s act of influencing the verdict in a counter-suit filed in the US shows the universal lack of accountability in global firms.
Where have All the Women Workers Gone?
14 November, 2013, C.P. Chandrasekhar & Jayati Ghosh
By using recent Indian employment data, the authors examine the evidence on women’s work participation in rural and urban areas and consider some possible explanations.
On Vinod Raina
01 November, 2013, Jayati Ghosh
In spite of having the choice of living a comfortable academic life, Vinod Raina dedicated his entire life to people’s education and various other people’s rights movements.
Tripura's Tryst with Literacy
24 October, 2013, Subhanil Chowdhury & Gorky Chakraborty
While all kinds of development model are debated furiously, the small state of Tripura is making rapid strides in improving literacy and other development indicators.
Class War at the Capital
19 September, 2013, Prabhat Patnaik
Indian State's treatment of workers under neoliberalism is not a normal "class war," but a "class war" in which the ruling classes are fast moving in the direction of fascism.
Open Access vs Academic Power
18 September, 2013, C.P. Chandrasekhar
While open access helps democratise the distribution of peer-reviewed research, it is not clear whether this would rid the system of journal branding and journal hierarchies.
The Scam that NSEL Spells
04 September, 2013, C.P. Chandrasekhar
In its drive to promote liberalisation and deregulation, the Government has created space for scams like the National Spot Exchange Limited fiasco to occur.
Jeff Bezos could be wrong
27 August, 2013, C.P. Chandrasekhar
Jeff Bezos’ acquisition of “The Washington Post” has led to speculation on the reasons and on the opportunity it presents for the ailing daily and the industry in the U.S.


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