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This volume brings together leading political economists of India to provide an in-depth analysis of the political economy of globalized India.
The book explores how neoliberal policies have exacerbated inequalities, weakened democratic institutions, and undermined key pillars of sustainable development. Through a wide range of perspectives, the chapters examine critical issues such as the erosion of equitable growth, the decline of decent employment opportunities, the marginalization of distributive justice, the deepening of gender disparities, and the challenges to geopolitical stability. The contributors also address the impact of neoliberalism on social democracy, employment-driven industrial restructuring, and environmental sustainability, offering a vital resource for scholars, policymakers, and anyone concerned with India's developmental trajectory.
Paramjit Singh is Assistant Professor of Economics at Panjab University, Chandigarh (India). He has published many research papers in reputed journals. He edited a volume titled Global Political Economy: A Critique of Contemporary Capitalism (2021).
Balwinder Singh Tiwana is a former professor of economics and authorized signatory of Indian Political Economy Association. He has published many research papers and monographs.
Preface
List of Figures and Tables
Notes on Contributors
1 Introduction: Mapping the Globalized Indian Economy
Paramjit Singh and Balwinder Singh Tiwana
2 Revisiting the ‘Drain,’ or Transfers from India to Britain in the Context of the Global Diffusion of Capitalism
Utsa Patnaik
3 The Indian Economy under Neo-liberalism
Prabhat Patnaik
4 Who Gains from Agricultural “Reform”? Understanding the 2020 Farm Laws and Protests
C.P. Chandrasekhar
5 The Incomplete Transition: Stunted Industrialization and the Historical Development of India’s Big Business Class
Surajit Mazumdar
6 Economic and Ecological Implications of Industrial Restructuring in Globalized India
Ashman Bajwa and Paramjit Singh
7 Political Economy of Social Democracy in Globalizing India
Ronki Ram
8 The Debate over Falling Women’s Labor Force Participation in the 2000s: Reproductive Labor as the Missing Element
Sirisha C. Naidu and Smriti Rao
9 Social Need in Anti-capitalist Critique and Postcapitalist Transformation: Reflections on Indian Economy
Aryaman Roy and Anjan Chakrabarti
10 India in the BRICS (+): De-dollarization and the Quest for a Multipolar Order
Paramjit Singh and V. Upadhyay
Index