ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

post-COVID-19Subscribe to post-COVID-19

A Moral Economy Crisis

Global capitalism, having suffered a set­back due to the pandemic, will not succumb to a self-liquidation but is likely to become more predatory in nature aided by a corporate-friendly Indian state. The moral economy solutions should be the core of what is offered as a set of transient demands of the ongoing struggle against predatory capitalisms, describing the practical as­pects of such a struggle, and a process of conscientisation of the state from below.

An Introduction and Overview

The fiscal consolidation effort of the union government reinforces the fact that a sustained reduction in debt and deficit at the union level is critical for a fast improvement in the general government fiscal balance. As the economic growth has improved, a medium-term debt path for a targeted reduction of debt ratio would help sustain the gains achieved in 2022–23.

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