ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Satyaki RoySubscribe to Satyaki Roy

In Search of a Saviour

Saving Capitalism from the Capitalists: World Capitalism and Global History by Hartmut Elsenhans; Sage, 2015; pp ix+325, ₹995 (hardcover).

Demystifying Delusion and Unveiling the Crypt

The Indian Economy in Transition: Globalization, Capitalism and Development by Anjan Chakraborty, Anup Dhar and Byasdeb Dasgupta; New Delhi: Cambridge University Press, 2016; pp xx + 422, price not indicated.

Faltering Manufacturing Growth and Employment

Declining growth and a stagnating employment share of manufacturing in a high-growth regime in India are disconcerting, given the pride of place assumed by manufacturing as the "engine of growth." The sustainability of high growth is linked intrinsically to a trajectory that creates gainful employment. This paper argues that the manufacturing sector, which recorded declining employment elasticity in the organised sector, will not be able to mend the gap between growth and employment. Rather the goal of rejuvenating manufacturing has to be contextualised in a larger strategy of full employment with interventions related to demand structures, technology, size structure of firms, as well as a calibrated engagement with the global market.

'Decisionism' and the Cult of Narendra Modi

The Indian electorate's endorsement of Narendra Modi is influenced by the ideology of "Decisionism" similar to that mobilised by the German intelligentsia in the 1930s to defend the Third Reich. Where could the expectations and the possible failure of the promises of Decisionism lead us to?
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