Theory, policy, practice development and discontents in India introduction

Nath, Suman and Bhattacharya, Debraj (2019) Theory, policy, practice development and discontents in India introduction. In: Theory, policy, practice development and discontents in India. Routledge, London. ISBN 9781003159940

Text - Published Version Restricted to Registered users only Download (1MB) | Request a copy

Abstract

The most conspicuous presentation of India’s success is shown in terms of its growth in the gross domestic product, which supposedly has shown a steady growth and then a decline. It was declining steadily even before the COVID-19 pandemic led to a country-wide lockdown. The other narrative to project the success of neoliberalism is the late capital projection of a sophisticated “cultural” industry. India, being one of the often-cited success stories of neoliberal policy, has seen the devaluation of the rupee, increase in interest rates, reduction of public investment, reduction in public sector food and fertiliser subsidies, restructuring of the industrial sector, increase in imports and foreign investment in capital-intensive and high-tech activities, and the abolition of the cash compensatory support for exports since 1991. This chapter also presents an overview of the key concepts discussed in this book.

Item Type:	Book Section
Authors:	Nath, Suman and Bhattacharya, Debraj
Editors:	Editors Email ORCID Nath, Suman UNSPECIFIED UNSPECIFIED Bhattacharya, Debraj UNSPECIFIED UNSPECIFIED
Document Language:	Language English
Subjects:	Social sciences > Economics > Production > Economic policy, economic development, economic growth Social sciences > Economics > Macroeconomics & related topics
Divisions:	Azim Premji University - Bengaluru > Research Centre
Full Text Status:	Restricted
Related URLs:	Library OPAC
URI:	http://publications.azimpremjiuniversity.edu.in/id/eprint/7150
Publisher URL:	https://www.taylorfrancis.com/books/edit/10.4324/9...

Actions (login required)

View Item