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Contemporary Capitalism and Employment Challenges: Some Reflections on India

In: Development Challenges of India After Twenty Five Years of Economic Reforms

Author

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  • Praveen Jha

    (Jawaharlal Nehru University)

  • Satadru Sikdar

    (National Institute of Public Finance and Policy)

Abstract

The fact that India confronts massive challenges of employment and livelihoods is clearly evident from the relevant literature on the subject. The progress on these was hardly impressive during the first four decades after Independence from the British colonial rule, but the overall situation appears to have gone from bad to worse during approximately the last three decades of so-called economic reforms. And indeed, the last quinquennium appears to be a disastrous phase as per all the available data sources. The focus of this paper is on some of the critical issues, with respect to the above-noted themes in contemporary India, while locating these, very briefly, in the architecture of some of the major features of contemporary global capitalism, and India’s own context of neo-liberalism.

Suggested Citation

  • Praveen Jha & Satadru Sikdar, 2020. "Contemporary Capitalism and Employment Challenges: Some Reflections on India," India Studies in Business and Economics, in: Nripendra Kishore Mishra (ed.), Development Challenges of India After Twenty Five Years of Economic Reforms, pages 157-181, Springer.
    • Handle: RePEc:spr:isbchp:978-981-15-8265-3_9
    DOI: 10.1007/978-981-15-8265-3_9
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    Cited by:

    1. Praveen Jha & Preksha Mishra, 2022. "Persistent Vulnerabilities in the World of Work and Contemporary Capitalism: Some Reflections on India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 65(2), pages 347-372, June.

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