In 1981, India’s government under Indira Gandhi approached the IMF for a loan. The conditionalities that were part of the loan set the stage for decades of ‘reform’ which would lead to a massive rise in inequality
Journalist and analyst Aunindyo Chakravarty talks about the phenomenon of educated Indian youth failing to get jobs. Unemployment amongst those with graduate or post graduate degrees is twice as much as that amongst those with lesser education
The opposition Indian National Congress (INC) won a decisive victory in the southern State of Karnataka defeating Prime Minister Narendra Modi’s BJP in a keenly-watched election
The so-called theory of trickle-down effect projected by the government (high prosperity of the rich flows down to enhance the economic welfare of the poor) has been debunked by the data on the growing gap between the rich and the poor in the country, rising poverty, unemployment, and the perpetually rising prices
Senior journalist Aunindyo Chakravarty analyzes three recent developments in India’s tech space and links them to the larger economic crisis facing India
Tens of thousands of workers, farmers and agricultural workers marched into New Delhi against the anti-people policies of the Narendra Modi government. They are calling for policies to control inflation and the scrapping of labor laws, among other demands
India’s GDP growth has not been matched by a similar growth in key sectors of the economy. This indicates that India’s fabled GDP growth rate is more a mirage than reality, says senior journalist Aunindyo Chakravatry
Senior journalist Aunindyo Chakravarty and noted economist Prabhat Patnaik discuss the economic structure of India, the support base of the current dispensation, questions around capitalism and socialism, and what gives us hope in these difficult times
According to the calculations done by the government’s own economists, real wages – that is, wages adjusted to inflation – of rural laborers are either stagnating or showing a marginal fall over the past over two years
Senior journalist Aunindyo Chakravarty explains how a lot of Indians are forced to settle for jobs below their skill and educational level because there are no good jobs
Aunindyo Chakravarty explains the depth of the unemployment crisis in India, comparing statistics from five years ago. He talks about how the youth are bearing the brunt
With economic conditions continuing to decline for India’s laboring sections, 2023 is set to see more struggles and strikes both at a local and a national level