What the barrage of criticisms of the central government from across the political spectrum - over the mega corruption scandals and relentless price rise - could not achieve in the past couple of years, was accomplished by a couple of adverse reports in the western media. Time magazine’s description of Prime Minister Manmohan Singh as the “underachiever” who was "unwilling to stick his neck out on reforms” made him sit up and show that he was after all not “asleep at the wheel”.
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.
The 2009-10 major round NSSO employment-unemployment survey figures released in the last week has raised quite a few eyebrows. The latest estimates show sharp decline in the labourforce participation rates (sum of employed and unemployed to population ratio, LFPR) and work participation rates (employed to population ratio, WPR) in the last five years.The article is an attempt to explain the fall in LFPR for women in particular.
The Indian economy is currently facing a joint problem of high inflation and growth slowdown. This article argues that both are results of neo-liberalism and points out the wrong policies of the government to tackle with the problems.
The Budget placed by the Finance Minister in Parliament today is grossly inadequate in meeting the challenges of economic recession, growing job losses and declining purchasing power of the masses. This Budget, far from meeting the requirements of the people will further widen the gap between the haves and the have-nots. The CPI (M) calls upon the people to be prepared for struggles to protect and improve their livelihoods.
The global financial and economic crisis has already taken a heavy toll on the Indian economy in the form of a balance of payments crisis. Writes Jayati Ghosh in Frontline
This article tries to estimate the extent of joblosses in India as a result of the economic down turn.
We present the full text of the Sixteenth Lal Bahadur Shastri Memorial Lecture, delivered by Com. Sitaram Yechury (Politburo Member CPI(M)), on January 11, 2009 at the National Museum Auditorium, Janpath, New Delhi.
Even in the face of global financial crisis, the Indian Government has not shed the neo-liberal fiscal conservatism. The so called fiscal packages announced by the Government is a testimony to this, writes Prof. C.P. Chandrasekhar.
Subhanil Chowdhury of Pragoti Editorial Team writes about the lacunas in The Mid Year review of the Indian economy which was placed in Parliament on 23 December 2008.