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Agrarian distress in India
01 March, 2018, Jayati Ghosh
To stabilize crop prices and make them remunerative, the Swaminathan Commission proposed significant improvements in the implementation of MSPs.
The Budget and education
20 February, 2018, Jayati Ghosh
The thrust towards privatization in Budget 2018-19 is evident in the pattern of education spending, which has been brought down to less than 3.5 percent of the government budget, against a promise of 6 percent in the 2014 electoral campaign. So, any real changes are clearly expected to be financed by private participation, implying declining spread, reduced access, and increased inequality.
The Economic Survey 2017-18
04 February, 2018, Prabhat Patnaik
Like the person on the proverbial tiger, the Indian economy is currently riding a precarious course. The Government of India’s Economic Survey for 2017-18 recognizes this frankly, but its panacea is to keep one’s fingers crossed and hope that the ride continues.
The 2018-19 Union Budget
03 February, 2018, Prabhat Patnaik
The strategy of the current budget seems to be simple: make immense noise about “helping the victimized” but do not give an extra paisa from the budget towards that ends. With the expenditure squeeze being carried out to reduce fiscal deficit, the share of central government spending in GDP is in fact budgeted to fall.
Did the FM deliver for farmers?
02 February, 2018, Jayati Ghosh
The Budget Speech this year was no different in terms of the grandiose promises made to farmers, without substantial financial backing, and used as substitute for real allocations. Such a clever-by-half attitude towards those who provide food for India and account for at least half the work force may well backfire on the government.
Where's the money, Mr Jaitley?
02 February, 2018, Jayati Ghosh
Window-dressing as a substitute to actually addressing the problem has become a norm under the Modi regime and the Budget 2018-19 reflects that. The actual increases in financial outlay are shockingly low in relation to the massive promises made. This is deeply worrying, as the Indian economy now desperately requires major measures to ensure a sustainable revival of economic activity.
The Indian economy in 2017
02 January, 2018, Jayati Ghosh
This was the year that the economy tanked. Not necessarily in terms of official growth figures: according to the CSO, GDP growth decelerated, but not by that much....
Agrarian Conditions and Recent Peasant Struggles in Sikar
25 September, 2017, Vikas Rawal
Kisans of Sikar have fought many valiant struggles against oppression and against anti-people state policies. This year’s struggle in Sikar has once again shown that it is only through such mobilisations of working people that anti-people actions of the current government can be checked.
The Economy: 70 years after Independence
30 August, 2017, C.P. Chandrasekhar
Indias' reliance on fortuitous and volatile stimuli to drive growth has resulted in inadequate job creation and widened inequalities while failing to address social deprivation.
Crop prices and farmers' unrest
20 June, 2017, C.P. Chandrasekhar & Jayati Ghosh
Distressed farmers are demanding loan waivers, but that should not deflect attention from what needs to be done and undone to address the roots of the agrarian crisis.
Call for Papers for Summer School – 2018
12 June, 2017,
The main theme of the forthcoming Summer School 2018 extends the primary concerns of the Summer School 2017, which explored the diversity of labour questions in the Global South, to focus primarily on the countryside and, in particular, the functioning of corporate and contract farming, and the associated global agricultural value networks (GAVNs).
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.
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.
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.
The Widening Gap between Rich and Poor
23 January, 2017, Jayati Ghosh
Evidently the problem of inequality has intensified over the last decade or so, and this is largely because of worsening income and asset distribution in the era of globalisation.
Demonetisation was Primarily a Political Act
22 November, 2016, Jayati Ghosh
It is becoming evident by the day that the primary purpose of the surprise announcement by the Prime Minister was political rather than economic, and that this political purpose was specifically directed towards ensuring the fortunes of the ruling party vis-à-vis its rivals.
Demonetization: Illusory Gains, Enduring Damages
18 November, 2016, Arindam Banerjee
The depressive economic cycle that has been immediately generated by the demonetization measure will not be mitigated within a few months as the government mistakenly assumes. It will have longer and deeper consequences for inequality and under-development in the Indian economy.
Artificially Created Distress
17 November, 2016, Utsa Patnaik
With the severe loss of purchasing power following the sudden decision of demonetisation, the country is being driven into an artificially created recession and the level of economic activity is declining.
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.
Agribusiness: Consolidating against the farmer
04 October, 2016, C.P. Chandrasekhar
American seed major Monsanto’s aggression shows that the mega merger movement in the global agribusiness area is less about cutting costs and more about protecting profits.

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