For over three decades now, neoliberal policies have resulted in the abandonment of the developmental, welfarist and protective role of the State. This happened through three mutually reinforcing processes, (a) A sharp decline in state expenditure on socio-economic development and welfare to retain the “confidence of investors”. (b) Devastation of national production activities due to competitive cheap imports after trade liberalization (c) Incentivization of private investment in infrastructure, real estate and industry through tax and price concessions and handing over of natural resources to unleash “animal spirits”. The priority given to attracting foreign investment and the lifting of restrictions on private corporate investment generated an extraordinary ‘race to the bottom’ among the state governments, who have been competing to offer more and more attractive concessions to woo private capital.
Dear All, The All India Democratic Women's Association has published a booklet on the disastrous impact of the anti-women policies of the Modi government in the last ten years. We are sharing the…
Dear All, The All India Democratic Women's Association has published a booklet on the disastrous impact of the anti-women policies of the Modi government in the last ten years. We are sharing the…
