[OPE] Latest issue of Aspects of India's Economy

> Date: Wed, 25 Mar 2009 19:07:37 +0530
> From: rupe_news@yahoo.in
> Subject: Latest issue of Aspects of India's Economy

 
> New on the website of Aspects of India’s Economy (journal of Research Unit for Political Economy, Mumbai)
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> The New Great Depression and India
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> (Aspects no. 47)
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> http://www.rupe-india.org
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> India’s GDP grew during 2003-08 at its fastest pace in any five-year period. Its rates of investment soared to levels comparable to East Asian economies. Its sharemarket values more than quadrupled. Bankrolled by international finance, India’s private corporate sector began acquiring firms overseas. And the country’s business and political elite began to preen themselves as the ruling class of a new economic superpower.
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> In the space of a few months everything has changed. GDP growth is falling, and the manufacturing sector has gone into a tailspin; the best-known Indian firms are making losses and cancelling planned investments; the sharemarket has crashed; foreign acquisitions are proving to be albatrosses round the necks of many corporate firms; and the smugness of the ruling elite has evaporated.
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> Also in this issue:
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> Labour in Global Value Chains:
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> A Study of the Leather and Footwear Manufacturing Cluster of Kanpur
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> — by Manali Chakrabarti and Rahul Varman
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> Earlier issues on the site:
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> India’s Runaway ‘Growth’ – Distortion, Disarticulation, Exclusion (Aspects no.s 44, 45, & 46)
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> What Keeps Disputes on River Waters Alive? (Aspects no. 43)
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> A Counter-Revolution in Military Affairs? Notes on US High-Tech Warfare (Aspects no. 42)
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> Global Power, Client State: India’s Place in the US Strategic Order (Aspects no. 41)
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> How “Labour Reforms” Are Implemented: The Story of Otis Elevators (from Aspects no.s 39 & 40)
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> Maintaining Continuity in the Face of Mounting Popular Discontent: UPA Government’s Economic Policies (from Aspects no. 38)
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> The Real State of India’s Economy and The Real Scale of Unemployment (from Aspects no.s 36 & 37)
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> The Economics and Politics of the World Social Forum (Aspects no. 35)
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> Behind the Invasion of Iraq (Aspects no.s 33 & 34)
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Received on Wed Mar 25 09:52:14 2009