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

Neo-liberalSubscribe to Neo-liberal

The Political Economy of India’s New Middle Class

Beyond Consumption: India’s New Middle Class in the Neo-Liberal Times edited by Manish K Jha and Pushpendra, London: Routledge, 2022; pp xviii + 205, ` 995.

The Fallacy of Trickle-down Economics: Whom Does ‘Wealth Creation’ Benefit?

While the theory of “trickle down” of wealth to the poor is often invoked to support the government’s neo-liberal policies, such as tax cuts and other financial incentives for the private sector that benefit the rich, in reality, such policies have not been successful in bridging economic inequalities.

The Idea of a University in India

In colonial times, universities were established in India to produce graduates who would serve the interests of a colonial ruling elite. Fast-forwarding to the present times, India is witnessing a massification of higher education, with the establishment of more universities and an increase in enrolment. Under such circumstances, what merits examination is whether universities are producing knowledge for knowledge’s sake, or training individuals to fall in line with a neo-liberal nationalist agenda of economic development.

India’s Civilisational Identity and the World Order

As the neo-liberal world order declines, non-Western powers are uniquely equipped to manage the power transition and contestations over the basic tenets of the emerging system. India’s civilisational ethos of reconciling different ideas will be of immense value in navigating the uncertainty and turmoil at a critical juncture of world history.
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