The economy of the world's largest democracy is growing at a pace that is the slowest in the last three years. Jobs are being lost. Inflation is threatening to pick up. There are few takers for bank loans. Consumer confidence is down.
In May 2014, the right-wing Hindu-nationalist Bharatiya Janata Party (BJP) came to power under the leadership of Prime Minister Narendra Modi. In the run-up to the elections, he had promised "achhe din", or "good times".Read more
Many believe the demonetisation announced on November 8, 2016 was a whimsical move by Prime Minister Narendra Modi even as he stuck to form by obtaining prior approval of the Reserve Bank of India before announcing the momentous decision. Others contend that while the move was announced suddenly in order to take everyone by surprise, it was nevertheless premeditated. Importantly, it is said that the decision to demonetise 86% of the currency in circulation in the country was based on inputs from a few close advisers of the prime minister, notable among whom was Swaminathan Gurumurthy.Read more
Is there a connection between the impending formation of the country’s biggest telecommunications conglomerate and the sudden transfer of a top government official who was heading the Department of Telecommunications (DoT) in the Ministry of Communications and Information Technology? The link between the two developments may not seem obvious. They are, however, closely connected and have much to do with the consolidation that is taking place in the world’s second-largest market for mobile communication services.Read more
PARANJOY GUHA THAKURTA's work experience, spanning over four decades, cuts across different media: print, radio, television and documentary cinema. He is a writer, speaker, anchor, interviewer, teacher and commentator in three languages: English, Bangla and Hindi. His main areas of interest are the working of the political economy and the media in India and the world, on which he has authored/co-authored books and directed/produced documentary films. He teaches and speaks on these subjects. He participates frequently in, and organises, seminars and conferences. He is a regular contributor to publications and websites and frequently appears on the radio and on television channels as an anchor as well as an analyst. Paranjoy served as Editor of the Economic and Political Weekly from April 4, 2016 to July 18, 2017.