Prabhat Patnaik on BJP's Victory and Indian Economy
Newsclick talks to Professor Prabhat Patnaik on the impact of BJP's victory on the Indian Economy. He says that the victory is being wrongly interpreted as a victory of demonetisation. The disastrous effects of demonetisation are not yet over. They are going to continue. If the government assumes it to be a success, they might bring more such bravado measures, which would put the economy to serious grief. The neoliberal policies would continue and they would give more space for multinationals to come and invest in India. There would be a further communal assault on Indian Polity. GST is projected as something which will add to India’s growth rate. While it implies curtailment of States powers.
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