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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.
What is really happening in Indian manufacturing?
16 August, 2017, C.P. Chandrasekhar & Jayati Ghosh
Data on organised manufacturing production do not really capture the impact of demonetisation and its effects on demand, but looking at some sub-sectors of consumer non-durable goods provides more insight.
Development for Whom?
22 June, 2017, Jayati Ghosh
Calls for a new development paradigm grow louder each day, especially in rapidly growing countries like India. Award-winning development economist Jayati Ghosh explores prospects for such a new model of equitable and sustainable development with Allen White, Senior Fellow at the Tellus Institute.
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.
Lopsided industrialisation
09 May, 2017, C.P. Chandrasekhar & Jayati Ghosh
Recent trends in the organisational form of units in the registered manufacturing sector suggest that India’s factory sector is not just abnormal but backward to boot.
Industrial Growth and Demonetization
24 April, 2017, Prabhat Patnaik
Recent data on the manufacturing sector dispel all the lies that government propaganda has been peddling of late about demonetization having had no recessionary effect.
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.
Demonetisation and India Inc
09 December, 2016, C.P. Chandrasekhar
Demonetisation exercise has adversely affected the functioning of medium and small enterprises, which carries out a substantial part of transactions, to buy inputs, pay workers, and distribute goods, in cash.
Finance Capital and the Nature of Capitalism in India Today
25 November, 2016, C.P. Chandrasekhar
This article explains how the growing dependence on foreign finance capital has distorted India’s growth. Due to the accumulated presence of foreign capital in the country since liberalisation, it is turning moribund and losing sovereignty.
How is India Inc Doing?
28 October, 2016, C.P. Chandrasekhar
The scenario of Inida’s manufacturing sector seems to be one where the sector, when considered as a whole, is settling for higher profits even at the expense of lower sales volumes.
The Post-1991 Growth Story
29 July, 2016, C.P. Chandrasekhar
Economic growth post liberalization has been riding on a credit bubble. Neither has it made the manufacturing or exports sector robust, nor has delivered any benefits to those steeped in poverty and deprivation.
India's Collapsing Exports
26 May, 2016, C.P. Chandrasekhar
The downturn in India's export performance, that is much worse than other comparable countries, is a reflection of deeper structural weaknesses in the composition of its exports.
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.
Tata Tried to Turn the Tables on Britain. It Failed
31 March, 2016, Jayati Ghosh
A sense of reversal of colonial roles might have played a role in Tata Steel's acquisition of the British steel giant, but the Indian conglomerate seems to have overreached itself.
Questioning India's GDP figures
16 March, 2015, C.P. Chandrasekhar
The "too good to be realistic" growth estimate for India put forward by the CSO has been the result of the changes adopted in the data sources and methods.
Banking on FDI
09 February, 2015, C.P. Chandrasekhar
The government's strategy to attract foreign firms for investing in Indian manufacturing to produce for the export markets abroad may not prove to be all too wise.
Make in India
29 December, 2014, Jayati Ghosh
The new ambitious "Make in India" initiative is based largely on bluster, bravado and marketing hype that lacks any clear strategy for proactive trade and industrial policies.
Where's the "Missing Middle" in Indian Industry?
09 December, 2014, C.P. Chandrasekhar & Jayati Ghosh
While the problem of missing middle is taken for granted in the Indian industry, official data reveal that medium sized firms actually dominate in both employment and output.
Recent Changes in Labour Laws: An exploratory note
12 November, 2014, Anamitra Roychowdhury
This article explores the possible implications of amending the Contract Labour Act, 1970 and questions the rationale behind amending the Industrial Disputes Act, 1947.
In Search of a New Industrial Stimulus
24 October, 2014, C.P. Chandrasekhar
The new Modi slogan ‘Make in India’ is an old idea with a new label and there is no reason to believe that a new label can deliver the success that has been thus far elusive.

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