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C P Chandrasekhar & Jayati Ghosh RSS icon

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.

May 14, 2012
Growing differences in state per capita incomes
The period of economic liberalisation has been marked by growing differences in per capita incomes across States, although the trend has varied across decades. In this edition of MacroScan, C. P. Chandrasekhar and Jayati Ghosh examine the evidence on per capita Net Domestic Product at the State level since 1980, and consider some possible explanations for the observed trends. »
April 30, 2012
The volatile rupee
The sharp changes in the value of the rupee vis-à-vis the dollar in recent times, superimposed on an overall trend of depreciation, are not fully explained either by trade trends or capital flows. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh analyse these movements and their implications. »
April 16, 2012
Factor shares in the Indian economy
The functional distribution of national income is relatively ignored by researchers interested in income distribution in India. In this edition of MacroScan, C. P. Chandrasekhar and Jayati Ghosh examine the data on factor shares in NDP available from the CSO to consider patterns of change in this distribution in the past three decades. »
April 2, 2012
Post-Crisis Reform: A Lost Opportunity?
In its recently released annual report, the Federal Reserve Bank of Dallas makes a case for breaking up banks considered too big to fail. But the failure to do that is only one possible way in which the opportunity provided by the crisis to reform and regulate finance has been lost. »
March 19, 2012
The great fuel subsidy hoax
In his Budget Speech, the Finance Minister signalled his intent to reduce subsidies, particularly the fuel subsidy, by an estimated Rs 25,000 crore. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh consider the retail prices of petrol and diesel in India relative to some other countries, and examine the validity of the claim that the petroleum sector is actually a burden on the exchequer. »
March 5, 2012
The age of ‘high' oil
The recent spike in the international prices of oil suggests that the recession-induced dip in oil prices may be behind us. Political uncertainty and financial speculation have trapped the world in a regime of high and rising oil prices, argue C.P. Chandrasekhar and Jayati Ghosh. »
February 20, 2012
Can Asia decouple?
As the global economic situation worsens, there are renewed concerns about the fate of developing countries, and hopes are being expressed that developing Asia will avoid the coming slump. In this edition of MacroScan, C. P. Chandrasekhar and Jayati Ghosh consider recent trends in global GDP growth, investment and trade, and the prospects for developing Asia. »
February 6, 2012
Behind the fear of debt
Fears are being expressed in official policy circles that the country's dependence on foreign debt, as opposed to foreign investment, to finance the external deficit is increasing, leading to specific policy responses. C.P. Chandrasekhar and Jayati Ghosh examine these fears and assess the responses. »
January 23, 2012
US firms in emerging markets
The recent release, by the US Ministry of Commerce, of the preliminary results of the 2009 benchmark survey of the operations of US multinationals (Survey of Current Business November 2011), permits an assessment of their performance in the recent phase of globalisation. C.P. Chandrasekhar and Jayati Ghosh assess the evidence. »
January 9, 2012
India's external sector
Even before global currents caused relatively rapid outflows of mobile finance capital from India, the Indian economy was vulnerable on the external front. »
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