-The Indian Express Current economic contraction is different from previous ones. Governments should borrow and spend India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering a significant balance of payments (BOP) deterioration and 1979-80 witnessing the second global oil shock following the Iranian Revolution. The real GDP decline of 5-10 per cent that various agencies are...
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India’s Trade-relationship with China: The New Imperialism -BP Mathur
-MainstreamWeekly.net Chinese import have thrown a spanner in the wheel of India’s economic progress per se and industrial manufacturing in particular. The Chinese import is so hard hitting on Indian industry that many manufacturers have become traders. The impact of Chinese goods has been such that India is threatened to become a country of importers and traders with domestic factories either cutting down production or shutting down completely...The country can...
More »The myth of India’s import dependence -Rathin Roy
-Business Standard/ NIPFP In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism. If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade. How would the Indian economy be hit...
More »Opening India’s Food Economy to Demands of Imperialism -Prabhat Patnaik
-Newsclick.in Every step in the direction of opening agriculture to Global Trade – as announced in the three ordinances by the Modi government – is a step towards reducing domestic food availability. The tropical region can grow a variety of crops which either cannot be grown at all, or for much of the year, in the cold temperate regions of the world where metropolitan capitalism is located. These include beverages, fibres, vegetables...
More »A pledge to do better for world biodiversity -Rupesh K Bhomia and Abhay Kumar
-The Indian Express June 5 was World Environment Day. We must strive to preserve our environment better if we want to prevent pandemics like COVID-19 This year’s celebration of World Environment Day — on June 5 — has been different compared to all the previous years, as human civilisation faces one of its biggest crises. The COVID-19 pandemic is larger than the environmental crisis of the 1960s and ’70s, which prompted the...
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