-NetworkIdeas.org Before joining the neo-liberal order, India used to have “rupee payment arrangements” with the Soviet Union and Eastern European socialist countries under which the main international reserve currency, the US dollar, was used neither for settling transactions nor even as the unit of account in terms of which the trade-related transactions were denominated. The dollar in short was used neither as the means of circulation, nor even as the unit...

-The Indian Express Countries more successful in curbing COVID-19 are welfare states, ruled by left-of-centre parties. There is a lesson here. A plea has been filed before the Supreme Court, seeking to remove the words “socialist” and “secular” from the Preamble of the Constitution. But despite a persistent erosion over the last couple of decades, both principles were central to the type of republic our political forefathers had imagined. With the embrace...

-The Hindu Nationalism is not going to solve the big problems, says the economist. If the catastrophic human toll of the ongoing COVID-19 pandemic was the first wave to strike the world this year, its severe economic consequences – including loss of livelihoods of the poor across countries, leading to massive internal displacement and starvation in many cases – have been the second wave. It is in this context that the seminal work...

-Newsclick.in The Economic Survey 2019-20 indicates that the government’s broad policy direction will remain the same -- of neglecting the social sector and serving the interests of the big businesses. This year’s Economic Survey begins with emphasising the importance of wealth of nations (inspired by Adam Smith) and depicts long-term contributions of the US, China, India and various other countries in world GDP (gross domestic product). The shares of China and India...

-Livemint.com Reflecting on what shaped economic policy and the transition to millennial India, Mint brings you a curated history of the economy since 15 August 1947 Independence brought dreams of not just individual, but also economic, social and political freedom. Seventy-two years later, these ideals have undergone a transformation as India seeks to join the $5 trillion club. Reflecting on what shaped economic policy and the transition to millennial India, Mint’s editors...