Category: Economics

After Karl Marx Indian intelligentsia didn’t progress much! So, the current crop of Western intellectuals and theorists, names like Eric Hobsbawm and a host of UK and US academics, the names are many don’t command any attention nor the Indian intelligentsia ,whoever they are, care to mention here and grab attention. For that matter Indian…

The PM stands a bereft orphan! With major electoral defeats, what clarity little clarity we had is missing! The Congress Party faced two electoral defeats in Punjab and Uttaranchal. The third in UP surely looks like a foregone one. In such a dismal scenario, what articulations the Congress has? What major introspection has taken place?

Political, historical and technological factors. International scenario. These only help or hinder the economic progress of a nation. We need a more openly-debated economic policy too! There is a superficial belief that Dr.Manmohan Singh is an economic expert. He is! Also there is this belief that economic experts can promote economic growth. This belief is…

There will always be globalisers and anti-globalisers as long as there is an unequal world. Eric Hobsbawm concludes his survey of the end do Communism in these following words: “We do not know where we are going. We only know that history has brought us to this point. However, if humanity is to have a…

Economics is not everything, of course! New Chief Ministers, new mindsets?  Yes, there is still a long way to go to ensure fast economic growth and reach critical human development indices.  There is still a visible urban bias and a rural neglect. There now new Chief Ministers, after the new elections and of course are…

Emerging India faces challenges and opportunities too! Indian economists have all become stereotypes! Timid, withdrawing, self-effacing, till yesterday all leftists and Marxists. Today all liberals and economic reformers! Understanding economic issues calls for knowledge of our economic history, certain analytical skills and a bold articulation of certain vision!  Manmohan Singh’s government, after the mid-term in…

Much ado about nothing? Unchanging ground level realities! Economic growth is not just a rate of growth of some dry statistics.  Not what P.Chidambaram or Ahluwalia or even by the PM’s own exposition itself! Economic growth is peoples’ growth; that is what the nation-builders told us. Prime Minister Dr.Manmohan Singh seems to have become  more…

High Inflation comes to haunt  the Government! Coalition politics to populist policies lead to inefficient economic management? To borrow a historic phrase from Karl Marx, “the spectre “of inflation is assuming serious dimensions! There is an intriguing silence at the top. Everyone is clearly worried and we assume there is  desperate action, though behind the…