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Some Aspects of External Dimensions of Indian Economy in the Age of Globalisation

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  • Byasdeb Dasgupta

    (Département d'économie - JNU - Jawaharlal Nehru University)

Abstract

External dimensions of Indian economy in the age of globalisation are viewed in this paper in terms of unabated opening up of the economy with respect to both trade and foreign capital flows. This paper empirically shows that with more opening up of the economy there is more and more transfer of financial resources abroad from the Indian economy. So opening up through neoliberal globalisation is a ploy of global capitalism to extract super duper surplus from India. Analytically also the paper makes an attempt to negate the recent policy reforms (as is imminent in allowing FDI in multi-brand retail, aviations and insurance and in relentless efforts of the Government in slashing down fiscal deficit) as anti-growth and more attuned to the interests of global finance and capital.

Suggested Citation

  • Byasdeb Dasgupta, 2013. "Some Aspects of External Dimensions of Indian Economy in the Age of Globalisation," Working Papers halshs-00820294, HAL.
    • Handle: RePEc:hal:wpaper:halshs-00820294
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00820294
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    References listed on IDEAS

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    3. Sunanda Sen, 2010. "Managing Finance in Emerging Economies: The Case of India," Economics Working Paper Archive wp_630, Levy Economics Institute.
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    5. Immanuel Wallerstein, 2013. "Tout se transforme. Vraiment tout ?," Working Papers halshs-00854113, HAL.
    6. Marc Fleurbaey & Stéphane Zuber, 2012. "Climate policies deserve a negative discount rate," Working Papers halshs-00728193, HAL.
    7. Marc Fleurbaey, 2012. "Economics is not what you think: A defense of the economic approach to taxation," Working Papers halshs-00698575, HAL.
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    Cited by:

    1. Byasdeb Dasgupta, 2013. "Financialization, Labour Market Flexibility, Global Crisis and New Imperialism - A Marxist Perspective," Working Papers halshs-00840831, HAL.

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    More about this item

    Keywords

    Inde; économie indienne; capitalisme global; ouverture économique; globalisation; India; Indian economy; global capitalism; economic opening up;
    All these keywords.

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