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New! “Crisis and Predation: India, COVID-19, and Global Finance”

Adopting social distancing rules, waiting for food (Photo by Sipa USA)

Adopting social distancing rules, waiting for food (Photo by Sipa USA)

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. Crisis and Predation shows how this tight-fistedness stems from the opposition of global financial interests to any expansion of public spending by India, and that Indian rulers readily adhere to their guidance.

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