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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...

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India needs to urgently step into the domain of healthcare -Christophe Jaffrelot and Utsav Shah

-The Indian Express One of the obvious reasons why public healthcare has not been a priority for successive governments of India lies in the fact that India’s middle class did not need it. As epidemiologists tend to consider that the peak of the COVID-19 epidemic may not come before July, the question of the resilience of the Indian health system becomes more pressing, especially in cities like Mumbai, Delhi and Ahmedabad. The...

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Economy’s Clear Signal: Boost Demand, Not Loans -Montu Bose and Sibin Kartik Tiwari

-Newsclick.in The poor need food and money, not more loans. Only demand-side interventions will revive the economy. The Covid-19 pandemic is an unprecedented crisis that almost all countries are struggling to cope with. Like the rest of the world, India is fighting the spread of the disease and its adverse consequences on the health system and its finances. On the economic front, India was already facing a prolonged slowing down. Even before...

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12-year low -- and Before Covid

-The Telegraph 2019-20 economic growth tumbles to 4.2% India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20. What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for over two months. The lockdown began on March 25 — barely a week before the close of the financial year. “Due to a contraction in investment of...

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GDP Growth Rate Slump: Another Blow to Modi Govt's Economic Growth Story -AK Bhattacharya

-TheWire.in/ Business Standard The rate of growth for India’s GDP has just about halved in just three years. New Delhi: The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that the government’s fiscal deficit last year was as large as 4.6% of gross domestic product (GDP), much wider than the 3.8%provided in the Budget presented in February earlier this year. On...

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