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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.

Banking as the new frontier

Liberalisation was expected to encourage diversification in India’s financial sector. Banking, however, still remains the preferred window for raising funds. »

The Asian housing bubble-burst

Residential property prices in many countries of developing Asia shot up after the global financial crisis, but recent trends suggest that they may be declining. »

The great jobs disaster

In much of the discussion on the turnaround after the Great Recession, attention has been focused on financial consolidation and the halting return to growth. Far less attention has been paid to the persistence of high and even rising unemployment and its sources. »

Blame Govt for high wheat prices

The general tendency among Indian policy makers currently is to blame international price movements for the rise in prices of essential food items in India. The extent to which this claim is valid is assessed by examining the specific case of wheat. »

Private banks don’t help financial inclusion

The view that issuing new banking licences to corporate houses will further financial inclusion is based neither on historical evidence nor on market logic. »

The political economy of food exports

We have a perverse situation whereby grain traders and livestock traders benefit from being able to sell on the world market, while Indian consumers face rising prices. »

Curbing the insatiable desire for gold

The accumulation of gold and jewellery by a section of Indians is neutralising the benefits of India’s much-touted success in exporting processed gems and jewellery. The nation is left with an unjustifiable negative fiscal and foreign exchange balance on account of these commodities, argue C. P. Chandrasekhar and Jayati Ghosh. »

Tax concessions to companies

Revenue foregone has become a huge element in the Budget, and one that is increasingly coming under public scrutiny. In this edition of MacroScan, C. P. Chandrasekhar and Jayati Ghosh analyse the extent and implications of the revenues foregone on account of direct tax concessions to the corporate sector. »

Disquieting imbalance

A spate of evidence on India’s external sector has led candid policymakers to declare that there is much that is troubling on the balance of payments front. But there seems to be inadequate action to address the problem, argue C. P. Chandrasekhar and Jayati Ghosh in this edition of MacroScan. »

The changing face of urban poverty

Urban poverty is both underestimated and inadequately addressed by public policy in India. In this edition of MacroScan, C. P. Chandrasekhar and Jayati Ghosh consider the most recent evidence on urban poverty. »
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