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C. P. Chandrasekhar is currently Professor at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi. He has published widely in academic journals and is the co-author of Crisis as Conquest: Learning from East Asia (Orient Longman), The Market that Failed: Neo-Liberal Economic Reforms in India (Leftword Books) and Promoting ICT for Human Development: India (Elsevier). He is a regular columnist for Frontline (titled Economic Perspectives), Business Line (titled Macroscan) and the Web site of The Hindu (titled Economy Watch).

Jayati Ghosh is Professor of Economics at Jawaharlal Nehru University, New Delhi. She has authored and co-edited several books and more than 120 scholarly articles. She is Executive Secretary of International Development Economics Associates (IDEAS - www.networkideas.org) and Trustee of Economic Research Foundation (www.macroscan.org). She was the Chairperson, Andhra Pradesh Commission on Farmers’ Welfare in 2004 and Member, National Knowledge Commission, 2004-09. She has consulted for many international organisations, including UNDP, UNCTAD, UN-DESA and ILO. She was awarded the NordSud Prize for Social Sciences 2010 of the Fondazione Pescarabruzzo, Italy, and the ILO Decent Work Research Prize for 2010.

Oil: The big 100 per cent story

In a puzzling development, some financial markets registered a decline in the wake of the recent dramatic fall in oil prices. Is the decline not all good news? »

Who’s really paying for oil?

As the government raises excise duties on petroleum products yet again, some of the poorest consumers in the world end up paying the price »

What fiscal failure is all about

While struggling to meet self-imposed fiscal deficit targets, the government has been unable to arrest slippages on the tax front »

The ‘missing middle’ in Indian industry

Pundits and policymakers should stop making the strawman argument. Official data reveals Indian industry has a thriving pool of mid-sized companies with impressive output »

Asia is vulnerable to financial instability

Asian stock markets may have recovered smartly from the collapse induced by the “taper tantrum”, but countries’ exposure to overseas debt has been overlooked »

The difficult art of economic diversification

Indonesia provides a stark example of an economy that diversified its pattern of trade and domestic production, only to relapse back into a dependence on primary exports »

Exploiting the oil price crash, not quite the right way

The Government has decided to exploit the recent sharp decline in oil prices to push deregulation. But this may not help growth nor prove wise in the medium term »

The absurd clamour for labour market reforms

Workers’ wages account for less than half the total wage and salary bill in organised industry, which itself is less than 5 per cent of total costs. What’s the fuss all about? »

Understanding the world cotton glut

China’s decision to liquidate its large raw cotton stocks, accumulated as part of a policy of supporting domestic production, is hurting the world’s cotton exporters »

Is rising income inequality inevitable?

Rising inequality is often regarded as an inexorable outcome of globalisation and technological change. That is not necessarily true »
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