Penn Calendar Penn A-Z School of Arts and Sciences University of Pennsylvania

Economy

Power, Peripheries, and the Indian State

Uddipana Goswami
Monday, March 16, 2020

As somebody who spent more than a decade in Delhi, the current atmosphere of violence in India’s capital city deeply saddens me. But I am not surprised. Maybe because I come from a part of India—its troubled Northeast periphery—where such violence was a part of life.

Understanding India’s Growth Slowdown

Duvvuri Subbarao
Monday, March 2, 2020

Three years ago, the Indian economy clocked a quarterly growth rate of over 9 percent. Now, growth has slowed to nearly half that rate, printing at 4.7 percent for the latest quarter (October-December 2019). Most estimates place growth for the current fiscal year, ending March 2020, at 5 percent, and for next year, 2020-21, at 6 percent. This is an astonishing slowdown for a country that, until recently, enjoyed bragging rights as the fastest growing large economy in the world.

Government Must Exercise Restraint, Hone Focus to Boost Economy

Devesh Kapur
Monday, January 6, 2020

When Prime Minster Narendra Modi came back to power, he had many things going for him: a renewed mandate, an absolute majority in parliament, a prostrate opposition, and a level of personal popularity with the electorate that dwarfed any other leader.

But, at the same time, his new government was confronting three major challenges. The first was a tepid economy whose weaknesses were threatening all other goals. The second was a more uncertain international environment, stemming from an unpredictable and polarized United States and a resurgent China.

Corporate Social Responsibility in India

Nandini Deo
Monday, December 2, 2019

In August 2019, the Indian parliament threatened business leaders with up to three years in prison if they failed to comply with the requirements of the corporate social responsibility (CSR) provisions that were introduced in 2013. In addition to prison terms, any company that does not allocate its 2 percent of annual profits to charity will have the money taken by the state and doled out to one of a list of government funds. What does the shift from voluntary to mandatory CSR over the past decade reveal about the relationship between the state, the market, and the social sector in India?

Expanding Care Economy in South Asia

Francis Kuriakose & Deepa Iyer
Monday, October 7, 2019

Care work has been the focus of policy debates after the International Labour Organization (ILO) published a report titled “Care Work and Care Jobs for the Future of Decent Work” in 2018. The ILO observed that care work involves a range of skills that are often not formally recognized or remunerated, and involving working conditions that are not regulated. Furthermore, care work has an undisputable gender burden with two-thirds of all care workers being women who dedicate themselves to unpaid care work 3.2 times more often than men.