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The Gujarat model’s failure explains why the economy has become such a significant factor in the coming state elections
28 November, 2017, Jayati Ghosh
The model of development that was presented as a success story relies on patronising and providing incentives to large businesses while simultaneously suppressing wage incomes.
The Rights of the Child and the G20 Summit
03 July, 2017, Sir Richard Jolly & Gabriele Kohler
Fresh research from UNICEF shows that the number of children in poverty, in rich countries has increased as a result of austerity policies. An average of one in five children in 41 high income countries lives in poverty. Children and their rights do not even seem to feature in the G20 manifesto, even as it stresses the ending of austerity policies and encouraging public budgets that promote development and poverty eradication.
The Economy under Modi
20 June, 2017, Prabhat Patnaik
As per official data, half of the country’s population witnessed no improvement in real per capita income over the three Modi years. Other indicators like the demand from net exports, Central Government expenditure (as a proportion of nominal GDP) and number of new jobs created in the organized sector, all reflect a gloomy picture of the Indian economy. The government has been keen on keeping finance capital happy while compromising on these matters.
A Simple Arithmetic
25 May, 2017, Prabhat Patnaik
The advance GDP estimates for 2016-17, however calculated,show a grim picture of the economy. The real per capita income of the agriculture-dependent population, which constitutes half the country's populace, has remained stagnant or even marginally declined during the three years of the Modi government. While the pursuit of neoliberal policies can be held responsible for this, treating the aggregate growth as a “great achievement” for political mileage is unwarranted.
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.
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.
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.
Focus on Inequality
18 October, 2016, Prabhat Patnaik
While in its publication tracking progress towards poverty removal and curtailment of inequality, the World Bank expresses optimism over the fact that two-thirds of the countries it examined showed a positive shared prosperity premium, the author here explains why this optimism is misplaced.
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.
Is a Universal Pension Scheme Feasible in India?
16 May, 2012, Jayati Ghosh
In an economy like ours, a universal pension scheme must be part of a broader development strategy that focuses on public investment in physical and social infrastructure, which will ensure supply of necessary goods and services while increasing demand from the population in a stable and inclusive way.
Growing Differences in State Per Capita Incomes
15 May, 2012, C.P. Chandrasekhar & Jayati Ghosh
The period of economic liberalisation has been marked by growing differences in per capita incomes across states, although the trend has varied across decades. In this article, the authors examine the evidence on per capita Net Domestic Product at the state level since 1980, and consider some possible explanations for the observed trends.
For a Universal Old-age Pension Scheme
10 May, 2012, Prabhat Patnaik
The basic argument behind the demand for a universal, non-means-related, non-contributory pension scheme is derivable from the rights-based approach and stands unimpaired. For raising the resources necessary for such a publicly-funded pension scheme, tax proposals similar to those in international discussions can be worked out for India as well.
Prof. Jagdish Bhagwati on the Gujarat Economy
06 February, 2012, Indira Hirway
This article refutes the argument made by Professor Bhagwati that the Gujarat economy is doing very well, not only in terms of economic growth but also in social sectors. The author contends that the growth model in the state seems to have discouraged inclusion of the excluded, both in the growth process as well as in the redistribution process.
Capitalism and Hunger
20 January, 2012, C.P. Chandrasekhar
After close to 65 years of independent national development, the level of child malnutrition in India remains unacceptably high. The capitalist growth of the worst variety fostered by neoliberalism and the consequent refusal of the government to directly address the problem explains the cause for this “national shame”.
Lies, Damned lies, and Statistics: On Arvind Panagariya's Kerala adventure
05 January, 2012, R. Ramakumar
A response to the article titled “Cracking the Kerala Myth”, published in the newspaper Times of India dated 2 January 2012. This article refutes the claims that the development of Kerala was not state-led success, and highlights the statistical fallacies in the argument.
Why are Women’s Health Outcomes in India so Poor?
29 November, 2011, C.P. Chandrasekhar & Jayati Ghosh
Women’s health outcomes in India are generally much worse than in comparator countries, despite two decades of very rapid growth in India. Public spending on health as a share of GDP has not increased, and per capita spending on immunisation and primary health centres has actually gone down.
Employment Generation as an Economic Strategy for Uncertain Times
14 November, 2011, Jayati Ghosh
This is the acceptance speech made by the author at the award function of the ILO Decent Work Research Prize, 2010. Discussing the growing pressures in the current global scenario, she argues for a shift in macroeconomic strategy towards domestic wage- and employment-led growth as a means to sustainable growth, as well as an end in itself.
Public Spending on Education in India
29 June, 2011, Jayati Ghosh
The failure of the government to provide universal access to quality schooling and to ensure equal access to higher education among all socio-economic groups as well as across gender and region has significant implications for equitable socio-economic advancement. Ensuring a reasonable quality of education to all children will necessarily require a significant expansion of the public resources to be provided.
Patents and the Public Interest
08 September, 2010, C.P. Chandrasekhar
The discussion paper on the Compulsory Licencing of Patents is significant because it spells out the circumstances in which the compulsory licencing option is available to the government. The paper makes an important contribution by seeking to illustrate the implications of the flexibility available in the case of drugs and pharmaceuticals.
Shrinking Cereals, Growing Food Parks
04 May, 2010, Rahul Goswami
Although controlling food inflation and ensuring food security to the population are two major concerns of the government at present, data and reports of various studies show very little improvement on both fronts. On the contrary, the increasing corporatisation of food production, procurement, movement and distribution is contributing to household food insecurity, particularly amongst the rural and urban poor.

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