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Macroeconomic Policy

Prabhat Patnaik
Tuesday 06 December, 2016
It is very obvious by now that demonetization, far from being an attack on the black economy, has in effect turned out to be an attack on the vulnerable informal segment of the white economy.
C.P. Chandrasekhar
Wednesday 23 November, 2016
The way the political establishment, sundry pundits, the media and a large section of the untutored or sycophantic elite of the country underestimated the extent of pain that the demonetisation measure would inflict on India’s poor and lower middle classes, points to their disconnect from a reality which bears little resemblance to the vision of a dynamic market economy they presume they inhabit.
Arjun Jayadev
Wednesday 23 November, 2016
The demonetization decree is pure fantasy-on all fronts and absolves everyone of the need to think about the myriad ways in which the collective project of Indian society has been corroded. It has a malign edge that has not been adequately acknowledged yet.
Jayati Ghosh
Tuesday 22 November, 2016
It is becoming evident by the day that the primary purpose of the surprise announcement by the Prime Minister was political rather than economic, and that this political purpose was specifically directed towards ensuring the fortunes of the ruling party vis-à-vis its rivals.
Arindam Banerjee
Friday 18 November, 2016
The depressive economic cycle that has been immediately generated by the demonetization measure will not be mitigated within a few months as the government mistakenly assumes. It will have longer and deeper consequences for inequality and under-development in the Indian economy.
TM Thomas Isaac
Friday 18 November, 2016
In an interview to Scroll.in, economics professor turned Finance Minister of Kerala, TM Thomas Isaac said that the secrecy surrounding the demonetisation was a blow to cooperative federalism, where the state and centre work collectively, and the move would not have a serious impact on tax evaders.
Utsa Patnaik
Thursday 17 November, 2016
With the severe loss of purchasing power following the sudden decision of demonetisation, the country is being driven into an artificially created recession and the level of economic activity is declining.
Pronab Sen
Thursday 17 November, 2016
The author explains how the recent demonetisation has penalised virtually the entire informal sector, and perhaps damaged it permanently while doing nothing to curb either corruption or tax evasion.
Jayati Ghosh
Thursday 17 November, 2016
Following the sudden withdrawal of the 500 and 1000 rupee notes, it is the poor and the middle classes, hugely reliant on currency for daily activities, who are being battered while the rich are relatively unscathed.
Abhijit Sen
Wednesday 16 November, 2016
Abhijit Sen, retired Professor, Centre for Economic Studies and Planning, JNU speaks on the impact of the move by the Modi government on the economy.
 

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