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How the Black Economy Grew in Post-Independence India -Arun Kumar

-Caravan Magazine Arun Kumar is an eminent economist who has been studying the black economy in India for close to four decades. His 1999 book The Black Economy in India is among the foremost accounts of the black-money problem in the country. In Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences and Remedies, released in February 2017, Kumar discusses the misconceptions around black money, the...

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Marathwada's drought: Dry lands, economic deprivation shrinking opportunities, driving workers away from Latur -Tushar Dhara

-FirstPost.com Latur: At first glance, Latur looks like any other Indian town with its dusty congested streets and crowded bazaars. But looks can be deceptive. The town is the epicentre of a process of Deindustrialisation and economic deprivation that has spread across the whole district. Reason: The worst drought in the last 45 years has led to acute water scarcity. Marathwada, which has received deficient rains for the last three years, is...

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How reforms killed Indian manufacturing -Ashok Parthasarathi

-The Hindu As the government pushes for ‘Make in India’, it could begin by unmaking the damage the post-1991 reforms inflicted on domestic industry. This year marks 25 years since the so-called “economic reforms” were launched in July 1991. By now, broad contours of the policies and practices that characterised such reforms are well known, viz. radical deregulation, marketisation and privatisation of the industrial, technological and financial sectors, and an across-the-board...

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