Emergency 2.0
Aug 30th 2018, Jayati Ghosh
Given the background of failure of the ruling party to fulfil any of its important electoral promises, the recent arrests of lawyers, scholars and human right activists represent the desperate measures by the ruling party to stifle, suppress, and divert all voices of criticism, opposition and dissent.
Pakistan: Who needs a crisis?
Aug 29th 2018, C.P. Chandrasekhar
As Pakistan's new Prime Minister, Imran Khan faces the current balance of payments, its important to look at Pakistan’s debt history, especially in light of its association with China's Belt and Road Initiative. With IMF's support to Pakistan in the past, it is to be seen how a proxy stand-off between a retreating power and a rising one plays out.
Begging and Criminality
Aug 13th 2018, Prabhat Patnaik
The recent decriminalization of begging in New Delhi by the Delhi High Court invites a comparative look at the prevalence of begging in India today and at seventeenth century England post the "Enclosure Movement". The reactions towards the destitute today do not come from a place of assisting this part of the population but from an attempt to clean up our cities.
The Real Problem with Free Trade
Sep 11th 2018, Jayati Ghosh
Even if free trade is ultimately broadly beneficial, the fact remains that as trade has become freer, inequality has worsened. One major reason for this is that current global trade rules have enabled a few large firms to capture an ever-larger share of value-added, at a massive cost to economies, workers, and the environment.
Who's Manipulating China's Exchange Rate?
Sep 11th 2018, C.P. Chandrasekhar and Jayati Ghosh
Contrary to western perceptions, the Chinese government's attempts to manage the exchange rate over the past few years have actually been directed to shoring up its value, rather than forcing depreciation.
The Larger Crisis that NPAs Signal
Aug 30th 2018, C.P. Chandrasekhar
Desperate attempts to prevent liquidation of power sector assets in companies that are defaulters point to a deeper crisis afflicting neoliberal growth. A sector that was plagued by shortages was opened up to private participation, leading to rapid expansion in the expectation of large profits from liberalised prices. Public sector banks were called upon to finance that expansion with the government being complicit. Now, however, firms find themselves trapped between inadequate demand at prevailing prices and rising costs that precipitate default.
Women's work in India
Sep 7th 2018, Jayati Ghosh
The decline in workforce participation by women in India reflects shift from paid to unpaid work. In the absence of basic amenities, a greater proportion of women are engaged in fetching water, collecting fuel for cooking. Once we take into account these unpaid and socially unrecognised activities done by women, it is found that workforce participation of women is greater than men.
A Memorial for Dr. Vineet Kohli, Assistant Professor at TISS and a Former CESP Student
Aug 13th 2018.
Job Opening at Economic Research Foundation
Jan 31st 2018.

Development and what it Actually Means: A seminar remembering Vineet Kohli, the economist from TISS
Aug 21, 2018

In a seminar remembering Vineet Kohli, the economist from TISS, a panel of economists discuss the idea of Development and how the idea has changed over the years. Utsa Patnaik, T Jayaraman, Prabhat Patnaik, Abhijit Sen and C. P. Chandrasekhar open the conversation with the audience seminar on Aug. 19, 2018 (Sunday) at CSLG Committee Room.
RCEP Deal can be Disastrous for India
Sep 13th 2018. Biswajit Dhar
Our FTA experience and existing trade imbalance with RCEP nations inform us that such a trade pact will hurt our producers.
India's Electronics Manufacturing Sector: Getting the Diagnosis Right
Sep 7th 2018. Smitha Francis
The Indian electronics industry's high dependence on imports is a direct outcome of the trade and investment liberalisation that was carried out by successive governments without putting in place the necessary industrial policy support for maintaining and improving domestic linkages and indigenous capabilities.
Ashok Mitra
May 22nd 2018. Jayati Ghosh
Ashok Mitra's astounding ability to remain so involved, committed and intellectually engaged right to the end has left an inspiring memory of him. His fearless criticisms and unvarnished truth has attracted so many young people to him. His works on economics are as impressive as his journalistic commentary.
Ashok Mitra, a Man who was Equally Committed Politically and
May 5th 2018. Jayati Ghosh
"Much has been and will be written about this extraordinary man…All these qualities, rare as they are, are even rarer in combination. But in this piece, I will present a more personal picture, from someone who saw him as a father figure and was privileged to know him well."
Ashok Mitra
May 3rd 2018. Prabhat Patnaik
A man of great wisdom, and generosity, scrupulously adhering to principles and willing to fight for them, but without any malice towards anyone, Ashok Mitra was a pillar of support for the Left.
BUDGET 2018 - 19
Budget 2018-19: No money where the mouth is
Feb 20th 2018, C.P. Chandrasekhar
Support for Budget 2018-19 is missing across the income and wealth spectrum. While the Finance Ministers' big talk backed with small money no longer fools the vulnerable, the governments' image of being "reformist" has also taken a hit among speculative foreign and domestic investors, as a reaction to the new tax reforms.
The Budget and Education
Feb 20th 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.

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