Category: Economy

  • India elections: defeat the BJP with an indefinite general strike! Fight for socialist revolution!

    India elections: defeat the BJP with an indefinite general strike! Fight for socialist revolution!

    The text criticises Narendra Modi’s government in India for failing to deliver on promises, engaging in anti-minority actions, and economic policies that benefit the wealthy at the expense of the working class. It argues that opposition parties, including Communist Parties, have compromised principles and offer no genuine alternative. The piece calls for a socialist revolution…

  • Uttarakhand crisis: an impending disaster

    Uttarakhand crisis: an impending disaster

    An expensive and environmentally ruinous development project, built to appease Modi’s Hindu nationalist base, and approved following all manner of legal manoeuvres, represents a ticking time bomb in India’s mountains. Uttarakhand, a state in northern India crossed by the Himalayas, is known for its Hindu pilgrimage sites. Also known as Devbhoomi or the Land of…

  • West faces humiliation in Ukraine

    West faces humiliation in Ukraine

    If the meeting of the Group of 20 (G20) major economies in India was intended as a show of unity against Russia, it succeeded in producing precisely the opposite result. The final declaration of the Group, which pointedly refused to condemn Moscow, immediately provoked a wave of fury in Kyiv and exposed glaring contradictions in…

  • Indian economy: scrap National Monetisation Pipeline and stop privatisation of the public sector

    Indian economy: scrap National Monetisation Pipeline and stop privatisation of the public sector

    The misery of the Indian masses has been aggravated by the Modi-led BJP government in the past seven years, and compounded further by the pandemic. The introduction of the Goods and Services Tax (GST); demonetisation; and the abrupt, unplanned lockdown have worsened the conditions of the masses. The closure of factories, layoffs, retrenchments, and driving…

  • Notes on the role of the state in the Indian economy

    Notes on the role of the state in the Indian economy

    The Indian economy has undergone a long period of high and sustained growth. It remains a country of huge contradictions, with immense polarisation of wealth. And yet, in spite of all the propaganda about the state being “bad”, without it Indian capitalism could not have developed as it has. In the year 2003–04 the Indian…

  • The Curse of India’s Growth

    The Curse of India’s Growth

    For more than two decades society has been under a kind of Orwellian spell where almost everything written or said in the mainstream media and intellectual circles in fact means its opposite. Clichés like “end of history”, “socialism has failed”, “capitalism has lifted millions out of poverty”, etc., reek of a moral and ethical decline…