|
Pills,
Patents and Profits |
| Nov
16th 2011, C.P.
Chandrasekhar |
|
It
is widely accepted that regulation and control in India's
pharmaceutical sector had resulted in India ensuring
access to cheap medicines for its population. However,
liberalisation policies have eroded away much of the
benefits. The newly proposed National Pharmaceuticals
Pricing Policy, 2011 can do further damage by weakening
the current price control regulations.
|
|
| Employment
Shifts after the Global Crisis |
| Oct
4th 2011, C.P.
Chandrasekhar and Jayati Ghosh |
|
|
The
stagnation of employment in developed countries and
apparent recovery in developing countries after the
Great Recession of 2008-09 have renewed perceptions
of a global shift in employment to the developing world,
particularly in manufacturing activities. This article
uses the most recent available ILO data to examine the
extent to which such a shift is actually occurring. |
|
| Policy
Inertia, Oil and Inflation |
| Jul
14th 2011, C.P.
Chandrasekhar |
|
The
Union government's reluctance to look for alternate
measures to ease oil price rise fuelled by international
shocks reflects a policy inertia stemming from its deep
faith in the market mechanism. However the state governments
and the consumers who have to bear the additional burden
of such price hikes are at the receiving end.
|
|
| Global
Oil Prices |
| Jul
13th 2011, Jayati
Ghosh |
|
Recent
price changes in global oil markets are increasingly
affected by forces that have more to do with financial
speculation and expectations than with current movements
in demand and supply. In the current oil price surge,
the real gainers are the financial speculators in oil
futures markets and the big oil companies.
|
|
| Gassing
the State |
| Jun
29th 2011, C.P.
Chandrasekhar |
|
Corruption
has reached unprecedented levels and constitutes the
fundamental problem that India is facing today. It stems
from the neoliberal reform that sought to attract private
capital into a lucrative and sensitive area such as
petroleum.
|
|
| Whither
Industrial Growth? |
| Apr
8th 2011, C.P.
Chandrasekhar and Jayati Ghosh |
|
|
The
recent deceleration in month-on-month IIP growth rates
has given the government cause for concern. One possible
argument that explains the medium term industrial growth
trends is that the process of unwinding of the fiscal
stimulus was not accompanied by any neutralising surge
in debt-financed private investment and consumption.
However, it is too early to conclude with confidence
that this is what is happening. |
|
| Revisiting
Financial Reform |
| Apr
8th 2011, C.P.
Chandrasekhar |
|
| India
is doing away with specialised development banking institutions
on the grounds that equity and bond markets would finance
industrial development. This is bound to lead to a shortfall
in finance for long-term investments, especially for
medium and small enterprises. The experience of countries
such as Brazil, which has thus far not opted for this
trajectory, may be educative. |
|
| The
Japan-India Comprehensive Economic Partnership Agreement |
| Feb
22nd 2011, C.P.
Chandrasekhar and Jayati Ghosh |
|
|
There
has been much media celebration about the recent signing
of the Japan-India Comprehensive Economic Partnership
Agreement. This article examines some of the features
of the agreement and considers their implications for
domestic economic strategies and processes in India.
|
|
| Mining
as Primitive Accumulation |
| Jul
20th 2010, C.P.
Chandrasekhar |
|
| The
mining sector is increasingly seen as one in which the
worst features of capitalism as a profit machine combine
with illegality and corruption to provide a site for
primitive accumulation based on plunder and unequal
exchange. |
|
| Sharing
Profits from Gas |
| Aug
18th 2009, C.P.
Chandrasekhar |
|
| The
ambivalence in government position in the long-drawn
out conflict between RIL and RNRL, on the issue of the
pricing of gas, reflects the changed relationship between
the state and private capital in India ever since ''reform''
began. In the new world order the state works to rescue
and strengthen private capital, even while it declares
that the rest of society including the poor and the
marginalised have to learn to deal with a world of market
mediated relationships. |
|
| Tata
Rides the Recession |
| Jun
17th 2009, C.P.
Chandrasekhar |
|
| With
the expensive acquisitions of Anglo-Dutch steel major
Corus and luxury automobile brands Jaguar and Land Rover
in quick succession on the eve of the global financial
crisis, the TATA group faced difficulties as the debt
level of both the parent and the UK subsidiaries in
the group was on a rise. However, it is noteworthy how
the TATA group has escaped a group-wide crisis by leveraging
its brand, the Indian government and the Indian public. |
|
| The
Industrial Recession: New or Ongoing?
|
| Nov
18th 2008, C.P.
Chandrasekhar & Jayati Ghosh |
|
Current
economic problems in the Indian economy are being presented
by the government as created entirely by the direct
and indirect effects of the global financial crisis.
Even the industrial slowdown is being blamed on the
adverse impact of the global slowdown upon manufacturing
exports. However, the official data suggest that the
industrial slowdown began well before the effects of
the external crisis began to be felt in India. |
|
| Prospect
of an Industrial Recession
|
| Nov
4th 2008, C.P.
Chandrasekhar & Jayati Ghosh |
|
Some
observers are of the view that the sharp fall in the
month-on-month annual rate of industrial growth in August
2008 exaggerates the actual and likely slow down in
industrial growth. This article discusses why the broad
trend suggested by the Index of Industrial Production
(IIP) may not be too far off the mark. |
|
| Employment
and the Pattern of Growth
|
| Oct
8th 2008, C.P.
Chandrasekhar & Jayati Ghosh |
|
A
much discussed aspect of post-reform industrial performance
is the stagnation of employment in the organised manufacturing
sector, despite high rates of output growth. The authors
examine this performance and relate this to the composition
of growth in the registered manufacturing sector, and
suggest that demand-side factors may have an important
explanatory role. |
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