Two Tales of Contrast
May 26th 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.
India's Collapsing Exports
May 26th 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.
Societal Involution in the North
May 16th 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.
Against the Assault on Thought: A lesson for the Left
Apr 28th 2016, Rohit Azad
When the state cannot hide behind a facade of national performance, the government looks for an alternative category of us versus them which is used to divide the people and rule.
No Clue to the Futuren
Apr 27th 2016, C.P. Chandrasekhar
The failure of the G20 countries to agree to an action plan not just to ensure recovery but prevent a second slump, may lead to countries adopting beggar-thy-neighbour policies.
A Singular Person
Apr 27th 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 Phenomenon of Negative Interest Rates
Apr 21st 2016, Prabhat Patnaik
Even the unconventional measure of charging negative interest rates, as the author says, is unlikely to end the recession because capitalism today is in a deep structural crisis.
Another Setback for the Tatas
Apr 13th 2016, C.P. Chandrasekhar
Tata Steel's decision of closing its steel operations in the UK reflects the pitfalls of Indian companies seeking success abroad rather than fixing problems at home.
The State of the Economy
Apr 8th 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
Mar 31st 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.
Exclusion from Public Service, Indian Style
Mar 30th 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.
Banks and the New Asian Tigers
Mar 30th 2016, C.P. Chandrasekhar
Substantial accumulation of bad debt in the domestic banking systems of India and China seems to be proving too heavy a burden to bear when the good times are disappearing.
Anti-national Economics
Mar 16th 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.
Why do we have Unemployment?
Mar 14th 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
Mar 7th 2016, Aruna Roy and 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.
The IMF in Pakistan
Feb 18th 2016, C.P. Chandrasekhar
While presenting a positive picture of the Pakistan economy the IMF conceals the fact that Pakistan's role as an on-and-off strategic partner of the US has undermined its ability to find an independently funded growth strategy.
The Battle to Defend the Employment Guarantee Scheme!
Feb 12th 2016, Smita Gupta
In the face of the strong opposition from various sections of the society, ensuring the proper implementation of MGNREGA is one struggle that has to be constantly fought.
A Different Oil Shock
Feb 4th 2016, C.P. Chandrasekhar
Given the magnitude of the oil price fall, the world economy seems set for a deflationary crisis rather than expansionary deflation.
Technology and the Future of Work
Feb 4th 2016, Jayati Ghosh
We need to take a new look at technological change because the kind of technological change that is more disruptive rather than productive is neither inevitable nor that desirable.
Privatization: Any method in this madness?
Feb 3rd 2016, C.P. Chandrasekhar
The government signals towards winding down the public sector allowing the private sector to occupy the spaces it has, for long, avoided. But this predatory exercise involves large developmental costs.
Growth through Redistribution
Jan 21st 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.
MNREGA under the Modi Regime
Jan 21st 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.
The Abolition of the NDC
Jan 11th 2016, Prabhat Patnaik
The abolition of the NDC adds a final touch to the Modi government's project of centralizing powers and resources, which is an essential element of the neo-liberal strategy.
The Heavy Price of Economic Policy Failures
Jan 7th 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?
Jan 6th 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.
IDBI Bank: The door to denationalisation
Jan 4th 2016, C.P. Chandrasekhar
The decision to privatise IDBI Bank is the beginning of a larger process of denationalisation of banking in India that would lead to exclusionary banking structure most unsuited to India's development needs.
Imperialism's New Trade-Negotiating Strategy
Dec 28th 2015, Prabhat Patnaik
The Nairobi ministerial meet marks a shift in the strategy of imperialism from multilateral trade agreements to regional trade agreements and from seeking grand agreements to negotiating only specific issues.
Financial Services under WTO: Disciplining governments and freeing
business
Dec 22nd 2015, C.P. Chandrasekhar
Services trade negotiations at the World Trade Organization may fail at the Doha Round, only because there has been no progress in agriculture and industrial goods trade.
The Seventh Pay Commission Report
Dec 14th 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
Nov 30th 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
Nov 13th 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"
Nov 10th 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
Oct 16th 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
Oct 15th 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.
Interesting Turn Around
Oct 14th 2015, C.P. Chandrasekhar
The recent rate cut by the RBI reflects a shift in its policy stance and signals that it has accepted that the biggest threat in India today is not inflation, but deflation.
Cutting off Aid to India is more about Selfishness than Sense
Oct 12th 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 Retail Investor as Anchor
Oct 6th 2015, C.P. Chandrasekhar
A pullout by FIIs underlies the market decline is broadly agreed upon, but that the decline would have been much greater but for a contrary entry of retail investors is less commented on.
The State as Fiefdom
Oct 6th 2015, Prabhat Patnaik
Using the State machinery for settling personal scores must qualify as corruption and must be opposed.
No Case for Complacence
Oct 5th 2015, C.P. Chandrasekhar
The yuan depreciation can trigger a chain of events that would convert the creeping world recession into another full-fledged crisis and India cannot be immune from contagion.
Europe's Refugee "Crisis"
Sep 30th 2015, Jayati Ghosh
Asylum seekers do not have an easy time anywhere, but the richer countries have without question been meaner, more oppressive and more restrictive in their dealings with them.
The Retreat of the Emerging Markets
Sep 16th 2015, Jayati Ghosh
The process of export-led growth strategy that led to declining wage share and increasing inequalities and environmental problems has ultimately proved to be unsustainable.
Giving Water Workers their Due
Sep 11th 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.
The Devaluation of the Yuan
Sep 8th 2015, Prabhat Patnaik
With the depreciation in the Chinese yuan, the world economy in all probability is going to face a deflation and a "debt-deflation" syndrome.
"De-Linking" and Domestic Reaction
Sep 7th 2015, Prabhat Patnaik
The author here highlights the fact that it is not de-linking from globalization but globalization itself that conduces to a strengthening of reactionary forces.
Educational Matters
Sep 4th 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.
Emerging Markets in Retreat
Aug 25th 2015, Jayati Ghosh
From Brazil to Thailand, experiences of the emerging markets confirm that relying only on net export growth or debt-driven bubbles for rapid growth cannot work for very long.
The Future of Public Banking
Aug 21st 2015, C.P. Chandrasekhar
The objective underlying the revival of the recapitalisation of public sector banks is privatisation, which would seriously impact India's infrastructure development programme.
The Debate on GST
Aug 19th 2015, Prabhat Patnaik
Transition to a GST regime involves various issues; of which reduction in the powers of the states and the regressive nature of its distributive impact deserve greater attention.
From "Development" to "Poverty Alleviation": What have we lost?
Aug 19th 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
Aug 17th 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.
Why the Fight for a GST?
Aug 6th 2015, C.P. Chandrasekhar
The claims of the government that the transition to a GST regime would increase revenue mobilisation and raise GDP growth are based on models that are by no means robust.
The Socio Economic and Caste Census
Aug 5th 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"
Jul 24th 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
Jul 22nd 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.
China's Stock Market Collapse
Jul 22nd 2015, Jayati Ghosh
The negative impacts of China's stock market collapse, falling exports and the explosion of debt are not just felt within the economy but across the globe.
Great Dream of Prosperity
Jul 21st 2015, C.P. Chandrasekhar
The emphasis on the latest GDP growth numbers, when the figures from other indicators point to the opposite, may be the government’s only option to show that all is well.
Looking Back at Debt Relief for the Germans
Jul 21st 2015, C.P. Chandrasekhar and Jayati Ghosh
In the current Eurozone attitudes towards Greece, it is often forgotten that Germany was the major beneficiary of debt write-offs in the 20th century when Greece was its creditor.
The Dismal State of Rural India
Jul 10th 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.
A Greek Tragedy that could have been Avoided
Jul 8th 2015, Jayati Ghosh
The EU's insistence on grinding austerity measures and stubborn resistance to even consider the option of debt restructuring forced the Greek people into greater hardship.
The Spectre of the Thirties
Jul 7th 2015, Prabhat Patnaik
The world economy today is reminiscent of the 1930s where competitive easing of monetary policy is not boosting aggregate demand and fiscal policy is barred by finance capital.
The Destruction of Education
Jun 26th 2015, Prabhat Patnaik
The era of globalization of capital brings along a process of destruction of education, but the intrusion of communal-fascism into education is an added element in case of India.
India's Foreign Exchange Hoard
Jun 25th 2015, C.P. Chandrasekhar
Rising foreign exchange reserves have been taken as an indicator of strength of India’s external sector, but an examination of how these reserves have accumulated calls for caution.
The Beleaguered Indian Farmer
Jun 24th 2015, C.P. Chandrasekhar
The forecast of a poor monsoon is a real bad news for the Indian farmers as it would not only reduce crop production leading to shortages but also encourage speculative holding.
Calling a Halt to the Pseudo "Trade Deals"
Jun 24th 2015, Jayati Ghosh
The TPP or the TTIP deal is not really about trade; they both are about strengthening the rules that favour capital over not just workers but over citizens in general.
When Will the Next Financial Crisis Start?
Jun 15th 2015, T. Sabri Öncü
The global financial crisis that started in 2007 has never ended and now there are warnings of a looming market liquidity crisis, but when this will hit remains to be seen.
The Declining World Foreign Exchange Reserves
Jun 12th 2015, Prabhat Patnaik
The author in this article explains the reason behind the sudden decline in the world foreign exchange reserves.
Skating on Thin Ice
Jun 1st 2015, Prabhat Patnaik
Indian economy, under the first year of Modi's rule, has experienced massive attack on the welfare programmes, sluggish growth of exports and an increase in the trade deficit.
One Year of Modi Government: Social sector
May 27th 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 Economy: The end of euphoria
May 27th 2015, C.P. Chandrasekhar
Despite having a good fortune of lower international oil prices, the Modi government failed to deliver growth in its first year while the expectations are still very high.
Fiscal Consolidation through Austerity
May 25th 2015, C.P. Chandrasekhar
The government's attempt at fiscal consolidation through austerity would not only affect growth adversely, but also has damaging effects on welfare.
Government and RBI: No real stand-off over macro policy
May 8th 2015, C.P. Chandrasekhar
The current stand-off is more of a government effort to regain influence over macroeconomic management, as the government is accountable to the people whereas the RBI is not.
Is the Bull Run Over?
May 8th 2015, C.P. Chandrasekhar
Downturn in financial market is inevitable, but the fact that a host of investors driven by the herd instinct live in denial complicates matters and worsens the outcome.
North Cyprus: Complicated, contradictory, charismatic
Apr 15th 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.
Unseen Workers: Women in Indian agriculture
Apr 1st 2015, Jayati Ghosh
Although women play a pivotal role in Indian agriculture, it is amazing to see how their work goes unnoticed in the public domain.
Questioning India's GDP figures
Mar 16th 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.
Software Services: Some cause for comfort
Mar 11th 2015, C.P. Chandrasekhar
The success of India's software services export industry is built on the ability to maintain its leading position among the top players, which is indeed some cause for comfort.
India's Daughter: Since the Delhi rape things have got worse
Mar 9th 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.
Averting a Greek Tragedy – For Now
Mar 4th 2015, Jayati Ghosh
The negotiations between the Syriza led Greek government and the EU is the struggle between the democratic will of the people and global finance.
Lessons from the Coal Blocks Auction
Mar 4th 2015, C.P. Chandrasekhar
The outcome of coal block auction suggests that the government could have stuck to expanding public sector coal production without handing the mines over to the private sector.
Growth and Hunger
Feb 23rd 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.
Greece, its International Creditors and the Euro
Feb 20th 2015, Sabri Oncu
The Greece crisis resolution depends on whether the EU sees itself as a progressive project based on liberal market principles or as an imperialist project of finance capital.
In Search of Clean Air
Feb 20th 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.
Banking on FDI
Feb 9th 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.
India's Rural Employment Programme is Dying a Death of Funding Cuts
Feb 6th 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
Feb 5th 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
Feb 2nd 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 "Niti Ayog"
Jan 12th 2015, Prabhat Patnaik
The replacement of the Planning Commission by the NITI Ayog marks a centralisation of economic power in the hands of the Central Government at the behest of neoliberalism.
Prof. Bhagwati has Got it Wrong
Jan 12th 2015, Rohit
Jagadish Bhagwati's recent pitch for make-in-India is flawed as it ignores domestic demand and other pitfalls of an export-oriented growth strategy.
Rural Diversity and Diversification
Jan 5th 2015, C.P. Chandrasekhar
The latest NSSO Survey reiterates that economic diversification in rural India is mostly distress driven as non agricultural activities act as the sink for the unemployed.
Asian Banks in Trouble
Jan 2nd 2015, C.P. Chandrasekhar
Emerging market economies in Asia are confronted with signs of bank fragility owing to overexposure to the private sector, whose mounting external debt compounds the problem.
The RBI Governor's Unwarranted Remarks
Jan 2nd 2015, Prabhat Patnaik
Dr. Rajan's criticism of the debt-waiver scheme for farmers underscores the fact that 'social banking" gets progressively eliminated in the era of neo-liberalism.
Archives >>
 
 

Site optimised for 800 x 600 and above for Internet Explorer 5 and above
© MACROSCAN 2016