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Neoliberalism and Globalisation in India

In: Indian Economy: Reforms and Development

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  • Amiya Kumar Bagchi

    (Institute of Development Studies Kolkata)

Abstract

The chapter starts with a distinction between classical liberalism and neoliberalism. It also notes that neoliberalism is another name for free-trade imperialism, which first Britain, followed by the USA, has practised consistently. While the effect of neoliberalism may have been to raise the rate of economic growth, it has raised the degree of inequality to unprecedented heights. It has also proved disastrous for ordinary people, leaving them hungrier than before and subject to illnesses which go untreated or badly treated for ordinary people.

Suggested Citation

  • Amiya Kumar Bagchi, 2019. "Neoliberalism and Globalisation in India," India Studies in Business and Economics, in: Pradip Kumar Biswas & Panchanan Das (ed.), Indian Economy: Reforms and Development, chapter 0, pages 11-24, Springer.
    • Handle: RePEc:spr:isbchp:978-981-13-8269-7_2
    DOI: 10.1007/978-981-13-8269-7_2
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