-Newsclick.in Even as the growth rate of the Indian economy is slowing down, and the index of industrial production (IIP) is actually showing negative growth for three consecutive months, August to October (over the corresponding months a year ago), the inflation rate in the economy has started accelerating. Significantly, the acceleration in inflation has been the sharpest precisely during these very months when the contraction in industrial output has been the...
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For a system of free higher education -Prabhat Patnaik
-Macroscan.org/ Frontline.in To develop "organic intellectuals" of a free India, higher education needs to be made completely free. But unless the tendency to appease the rich in the name of growth and to commoditise education are overcome, this seems like a distant dream. Please click here to access. ...
More »Economic crisis: Why it suits neoliberals to point fingers solely on demonetisation 'shock' -Prabhat Patnaik
-Newsclick.in The roots of the present economic slowdown squarely lie within the neoliberal trajectory, which has led to a crisis of overproduction. Demonetisation and ‘hasty’ GST only aggravated it. With former prime minister Manmohan Singh resurfacing on the political landscape and articulating once more the orthodox neoliberal position, one can now clearly discern three distinct perspectives on the current economic slowdown. The first is the orthodox neoliberal position that Singh has now articulated....
More »Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)
-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...
More »The very idea of the NRC is wrong -Prabhat Patnaik
-The Telegraph Its only usefulness could be to determine how Assam might be recompensed for coping with the magnitude of immigration Boris Johnson is no vaishnavite saint; nor is he a leftist internationalist. According to Donald Trump people see him as the “British Trump” and, judging by the cabinet he has picked as prime minister, with a hard-Right home secretary, and the company he kept during the Brexit referendum which included Nigel...
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