The decision of the UPA government to open up the retail sector in the country to FDI is an example of the basic fallacy in the 'growth fetishism' of the votaries of neo-liberalism. While the government argues that this move will generate investor confidence in the Indian economy and lead the country to high growth, in reality the problems of the common people- deprivation, poverty and hunger- far from being ameliorated will actually be intensified.
The latest comprehensive data on employment in India, collected by the National Sample Survey Organisation (NSSO) has been published. This article is an attempt to interpret the data, published in EPW.
Temporary measures aimed at moderating the downturn are in place, but there is much pessimism about how long the recession would last.
C.P.CHANDRASEKHAR writes about the Global recession and its impact on employment and growth,asserting the similarities between the current crisis and Great Depression of 1930s.
Pragoti's Subhanil Chowdhury comments on the government's steps taken to curb inflation in India, the overall strategy on growth and the recent fiscal stimulus package.
West Bengal has been the focus of national discussion because of the various implications of its proposed industrialisation policy. In the Macroscan segment of Business Line newspaper, C. P. CHANDRASEKHAR and JAYATI GHOSH consider the background to this policy by analysing the most recent available evidence on growth trends in the State. Courtesy extended to Business Line newspaper.