Immiserisation Behind the Recovery
While the economy is climbing out of the abyss, since the recovery is occurring despite an absolute worsening of the conditions of the working people relative to GDP, it will get aborted before long.
India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
While the economy is climbing out of the abyss, since the recovery is occurring despite an absolute worsening of the conditions of the working people relative to GDP, it will get aborted before long.
Celebrating demonetisation as a success story that has led to formalisation indicates everything that is wrong with the government’s economic policies.
Compared to the the seasonally adjusted fourth quarter figures of 2019, the labour hour losses for the first three quarters of 2020 for the South Asia region were 3.1, 27.3 and 18.2% respectively.
Foreign investors and multinational companies have been pushing countries like India to become food-import-dependent and divert land devoted to food grain toward crops that imperialist countries can’t grow.
The Centre has always tended to encroach on the domain of the states, but this tendency has now acquired a strength where the claim that the country is being pushed towards a de facto unitary State appears to be no exaggeration.
The BJP-RSS is seeking to build a Hindu rashtra. While many believe that it will benefit the Hindu community, it will actually be an authoritarian state which will suppress Hindus and Muslims alike.
A critical examination of the claim by the World Bank about the “decline in poverty” that is supposed to have occurred between 1990 and the onset of the recent pandemic.
In the name of flexibility, inclusion, reduction of burden on students, and such like, what is being attempted is the very opposite: exclusion and reconciliation to the state of being excluded.
A real income decline for vast numbers of working people in India had begun well before the pandemic – yet the Modi government is making no attempt to put purchasing power in the hands of people.
The myth of the stock market being a barometer for the real economy has finally busted.
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