A striking aspect of the 24% decline in India’s GDP in the first quarter of 2020-21 compared with the previous fiscal year’s first quarter is the decline by 10.3% in public administration, defense, and other public services. This is a sector where the gross domestic product is estimated not by the “output” of the sector but by the […]
Author Archives: Prabhat Patnaik
Prabhat Patnaik is an Indian political economist and political commentator.