Articles by Research Unit for Political Economy
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Crisis and Predation: India, COVID-19, and Global Finance
Research Unit for Political Economy | Monthly Review - TRANSCEND Media Service,
7 Dec 2020
Nov 2020 issue – With the advent of COVID-19, India’s rulers imposed the world’s most stringent
lockdown on an already depressed economy, dealing a body blow to the majority of India’s billion-plus population. Yet the Indian government’s spending to cushion the lockdown’s economic impact ranked among the world’s lowest in GDP terms, resulting in unprecedented unemployment and hardship.