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Whither Indian Economy?
24 September, 2018, Sunanda Sen
While there are ongoing discussions on rupee depreciation amidst an atmosphere of apprehension about the economy and polity of the country, official sources have continued to deny any possible threat to the economy. The defensive position advanced from the official quarters do not, however, stand scrutiny if one recognises the fact that none of those indicators of a robust economy will be sustainable in the face of slippages running through the economy.
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 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.
Budget 2017-18: Blinded by neoliberalism
27 February, 2017, C.P. Chandrasekhar
All that this government has is its unfounded belief that mere reform in the form of the demonetisation, digitalisation and the GST would deliver growth rather than recession.
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.
One Year of Modi Government: Social sector
27 May, 2015, Jayati Ghosh
The Modi government’s vast and sweeping cuts in essential social spending will adversely impact the basic conditions of living and affect the prospects of the aspirational youth.
The Myth of Increased Resources for States
12 March, 2015, Sona Mitra
The Government's claim of increased resources to the States is misleading unless the resource pool is substantially increased to cover for cuts in Centrally Sponsored Schemes.
Budget 2015-16: Bonanza for the corporate
09 March, 2015, Prabhat Patnaik
Budget 2015 is a major step towards increasing the class power of capital; it is the true expression of the ideology of a neo-liberal State without any attempt at a human face.
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.
Union Budget 2014-15
15 July, 2014, Prabhat Patnaik
The basic fiscal strategy of the Union Budget 2014-15 is to increase transfers to the rich and the affluent, while reducing the outlays earmarked for the poor.
Shutting Out the Progressive Agenda
17 October, 2013, C.P. Chandrasekhar
The US shut down reflects the extent to which finance capital controlled Right is ready to go to prevent any progressive social sector agenda even in the post crisis scenario.
The Sen-Bhagwati "Debate" on Economic Policy in India
14 August, 2013, Jayati Ghosh
The recent Sen-Bhagwati debate is not about a choice between economic growth and social sector spending; rather it is more about the economic strategy of growth.
A Recipe for Continuing Stagflation
01 March, 2013, Jayati Ghosh
Budget 2013-14 will deliver neither higher growth nor improved conditions of life — instead it is likely to worsen the stagflationary tendencies in the economy.
Employment and Social Spending in Budget 2012-13
21 March, 2012, Jayati Ghosh
Highly regressive in both taxation and spending terms, the Budget 2012-13 has managed the remarkable feat of upsetting almost everyone and making no aam aurat and aam aadmi happy. It provides conclusive proof of the UPA government having lost its way as it seems to have forgotten the importance of its own "flagship schemes".
The Return to Orthodoxy
20 March, 2012, Prabhat Patnaik
The 2012-13 budget represents a return with a vengeance to neo-liberal orthodoxy and a snuffing out of the “Left-inspired” (UPA-I) and the “Keynesian” moments. India will have to bear the impact of the global crisis in an exacerbated manner because of its own “drive to austerity” that is being undertaken at the expense of the people.
Budget 2012-13
17 March, 2012, Jayati Ghosh
Highly regressive in terms of taxation, the Budget 2012-13 will obviously lead to rising prices with continuing shortfalls in employment. Hence it emerges that the greatest losers from this budget will be the Indian consumers, particularly the poorer sections.
The Chinese Way
24 February, 2012, C.P. Chandrasekhar
Although the use of the banking system as a development instrumentality in China has been useful, there are a host of new problems that has cropped up. This would possibly encourage the government to retrace its steps and strike a new path.
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.
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.
''Planning'' for Whom?
12 October, 2011, C.P. Chandrasekhar
There are some fundamental changes in the Planning Commission's current perspective relative to the earlier periods. In the post-Independence years, pursuit of profit was not seen as being in the social interest and this was reflected in the nature of development planning. But now, profit is the sole motive and the role of the state is to merely facilitate this by incentivising corporate activity.

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