India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
Beginning in the mid-1980s, the prevailing belief among Indian and international observers was that the authoritarian Chinese regime would mismanage its economy, while democratic India would emerge as the bigger and more developed of the two. Instead, India is now paying the price for underinvesting in its human capital.
An increase in government expenditure financed by larger wealth and inheritance taxation provides the easiest and most direct route to the generation of larger employment in the economy.
The Indian economy is in deep crisis. The actual growth rate of the economy is much less than is being projected by the Modi Government. The people are facing a colossal unemployment, poverty and hunger crisis. Therefore, the government needs to increase its spending on the people, by increasing the budget outlay. Has this happened in Budget 2024?
The author argues that the rise of Modi-led authoritarianism in India is an outcome of the failure of the neoliberal project to deliver anything substantial to the majority of the population in the last three decades.
The Union government that ran 906 central sector schemes in its last tenure underfunded 71.9% of them. On one out of every five schemes, the government spent less than half of what it promised in the budget.
Migrants are often unable to cast their votes due to systemic exclusions and economic constraints. This has made them invisible as a vote-bank and heightened their marginalisation.
PM AASHA, a crop price support scheme, saw real spending only in the months around 2019 and 2024 Lok Sabha elections. Three years in between the two general elections, the government did not spend a single rupee on the scheme.
The Nehru-Mahalanobis strategy as interpreted on the basis of an alternative framework constitutes, to this day, the core of any genuine anti-imperialist and pro-people development strategy in an economy such as India’s.
The Modi Government has unashamedly transferred enormous amounts of public funds and public wealth to the country’s biggest corporations. This has been the sole aim of PM Modi’s economic policies of the past 10 years. This article presents a brief overview of some of these transfers.
Ever since Modi took over the reins of the Central Government in 2014, his government has been embroiled in innumerable scams, from demonetisation to the PM Cares scam to whitewashing the corruption cases against opposition politicians after they join the BJP. But the electoral bonds scam puts all previous scams in the shade.
Janata Weekly is India’s oldest independent socialist weekly.
Ever since its founding in 1946, Janata has voiced its principled dissent against all conduct and practice that is detrimental to the cherished values of nationalism, democracy, secularism and socialism, while upholding the integrity and the ethical norms of healthy journalism. For more than seventy years now, week after week, it has continued to analyse the changes taking place in the country and the world from a socialist standpoint, and thus promote the spread of socialist ideology in the country.
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