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

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Assessment and Prospects

Some Notes on the Indian Economy in Crisis

There is no sign of recognition among the political class and policymakers of the implications of the persistence of many adverse trends in the Indian economy and their underlying causes. That the socio-economic consequences of allowing present trends to continue will be serious is already manifest in widening disparities between castes and communities, classes, rural and urban areas, and individuals. Measures meant to counter this have not been pursued seriously and have had little effect on the ground reality of persistent inequality, slow growth, and an unacceptably high incidence of mass poverty and unemployment. This article calls for a radical retuning of policies aimed at achieving inclusive economic growth and a more egalitarian distribution of income.

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