Tag: India
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Services Exports as Growth Engine
Bt C. P. Chandrasekhar and Jayati Ghosh in IDEAS, 14 May 2024 Interest in India’s almost unique success as a services exporter in global markets persists. India’s services export receipts rose from $95.8 billion in post-crisis year 2009-10 to $341.1 billion in 2023-24. Close to one half (47 per cent) of those exports were exports…
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First, Do No Harm: Examining the impact of the IFC’s support to private healthcare in India
By Anjela Taneja and Amitabha Sarkar, Oxfam International, 26 June 2023 This report examines the support to private healthcare provision in India by the World Bank’s private sector arm, the International Finance Corporation (IFC). Despite supporting private healthcare in the country since 1997, no healthcare results for lending and investments have been disclosed since the…
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Farmers’ Protest in India Reignites: A Struggle for the Future of Food and Agriculture
Colin Todhunter in Dissident Voice, February 18th, 2024. // In 2021, after a year-long protest, India’s farmers brought about the repeal of three farm laws that were intended to ‘liberalise’ the agriculture sector. Now, in 2024, farmers are again protesting. The underlying issues and the facilitation of the neoliberal corporatisation of farming that sparked the…
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The Scourge of Unemployment
Prabhat Patnaik The unemployment situation is worse today than it has ever been in post-independence India. There are two distinct elements that have contributed to this situation. One is the fact that the output recovery from the fall caused by the pandemic-linked lockdown has not been accompanied by a comparable employment recovery. In fact, even…
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What the GDP Hides
From Prabhat Patnaik, in People’s Democracy, 4 Feb 2024 THERE are well-known problems associated with the concept of gross domestic product as well as with its measurement. The inclusion of the service sector within GDP is something that Adam Smith would have objected to on the conceptual grounds that those employed in this sector constituted…
