Critical Reflections On Economy And Politics In India

In this book, Das deploys class theory to decipher India’s economic and political situation. It deals with the specificities of India’s capitalism and neoliberalism, and their economic consequences. It critically examines lower-class struggles led by the Left, and the fascistic politics of the Right.

Critical of the economic and political power relations in contemporary India, this book is written from the vantagepoint of the working masses whose basic economic and democratic rights remain unmet. Written for a broader audience beyond the academic community, the essays that make up the book provide short critical commentaries on different aspects of Indian society undergoing significant changes in recent times. The essays are conceptually driven and include empirical details, but they generally avoid the usual perils of academicism, by expressing complicated ideas in a relatively simple language and by drawing out their practical implications. This book is co-published with Aakar Books, New Delhi. Taylor & Francis does not sell or distribute the print versions of this book in India, Pakistan, Nepal, Bhutan, Bangladesh and Sri Lanka.

A magisterial class based analysis of the economic situation in contemporary India

A magisterial class based analysis of the political situation in contemporary India

This volume critically examines the notion of a ‘new’ India by acknowledging that India is changing remarkably and by indicating that in the overzealous enthusiasm about the new India, there is collective amnesia about the other, older India. The book argues that the increasing consolidation of capitalist markets of commodity production and consumption has unleashed not only economic growth and social change, but has also introduced new contradictions associated with market dynamics in the material and social as well as intellectual spheres.

‘This book is different from most other attempts to understand the politics of Indian economic development. Breaking down the last 65+ years of Indian development into several episodes of growth, it provides a rich set of insights into the political economy of the Indian development process and is a valuable addition to the literature.’ –Pranab Bardham, University of California, Berkeley, USA ‘Sustained economic growth in the world's largest democracy is critically important to human well-being, but the ups and downs of growth in India are not well-understood. This book provides a fresh and insightful approach to understanding what drives the starts of booms and the onset of slowdowns.’ –Lant Pritchett, Harvard University, USA ‘This is a little book with big arguments. The authors' explanation of the changing character of the deals done between political and business elites makes for the most original contribution to studies of the political economy of Indian development since Pranab Bardhan's seminal work of the early 1980s’ –John Harriss, Simon Fraser University, Vancouver, Canada This book moves beyond the usual economic analysis of the Indian growth story and provides a fresh perspective on the determinants of growth episodes in post-independence India, based on its political economy. Using a robust and novel technique, the authors identify four such episodes during this period. The first, running from the 1950s to 1992, was mostly characterized by economic stagnation, with a nascent recovery in the eighties. The second, covering the period 1993 to 2001, witnessed the first growth acceleration in the economy. A second acceleration ran from 2002 to 2010. The fourth and final episode started with the slowdown in 2010 and continues to this day. The book provides a theoretical framework that focuses on rent-structures, institutions and the polity, and demonstrates how changes in these can explain the four growth episodes. Kar and Sen argue that the transitions from one growth episode to another can be explained by the bi-directional relationship between growth outcomes and institutional arrangements, and by the manner in which institutional arrangements and their transitions are determined by the political bargains struck between the elite groups in Indian society.

Love and truth are important aspects of culture. Signifying the crisis of capitalist culture in the contemporary world are their opposites, i.e. hate and lying, respectively. There is rampant lying for ideological/political purposes. There is also an increasing absence of genuine love, i.e., love as caring and solidarity, which, under certain conditions, takes romantic forms. Ideological-political lying is connected to the corruption of love, with its confinement to the private sphere of individuals and consequent isolation from the wider unequal society. This connection is via capitalism. On the one hand, capitalism resorts to ideological-political lying to cover up its contradictions that cause alienation/suffering of the masses. Lying and alienation/suffering are not conducive to genuine love in society. On the other hand, a crisis-ridden capitalism produces the right-wing politics of lying (‘post-truth’ politics). This is also a politics of hatred (or, ‘post-love, or, anti-love’) against minorities, democrats and socialists, a politics that is justified by lies about these subjects. The fight against hate-politics and post-truth politics must be part of the fight for a post-capitalist world (socialist democracy), imagined as a truthful and caring world.

Focusing on politics and society in India, this book explores new areas enmeshed in the complex social, economic and political processes in the country. Linking the structural characteristics with the broader sociological context, the book emphasizes the strong influence of sociological issues on politics, such as social milieu shaping and the articulation of the political in day-to-day events. Political events are connected with the ever-changing social, economic and political processes in order to provide an analytical framework to explain ‘peculiarities’ of Indian politics. Bidyut Chakrabarty argues that three major ideological influences of colonialism, nationalism and democracy have provided the foundational values of Indian politics. Structured thematically and chronologically, this work is a useful resource for students of political science, sociology and South Asian studies.