Neoliberalism in the Emerging Economy of India

Byasdeb Dasgupta is a Professor of Economics at the University of Kalyani of West Bengal, India. He did his Ph. D in Economics from the Centre for Economic Studies and Planning of Jawaharlal Nehru University, Delhi. He has published widely in international journals and books on issues pertaining to international economics, finance and development, political economy of labour in Marxian perspective, gender studies and development. Archita Ghosh is a Professor of Economics at the University of Kalyani of West Bengal, India. She has published widely in journals and books pertaining to issues on development economics and international economics. Bishakha Ghosh is an Associate Professor of Economics and Head of the Department of Economics at the University of Kalyani of West Bengal, India.

• Introduction Part I: Finance 1. Finance and The Real Economy: The Evolving Distance 2. Capital Accumulation and Finance Capital in the Age of Finance 3. Revisiting ‘Fictitious Capital’ and the Autonomy of Finance in the Circuit of Global Capital 4. Financial Sector in the Indian Economy: Some Reflections using Hyman Minsky’s lens 5. Is Priority Sector Lending Responsible for Higher NPA in Banking Industry? 6. An Empirical Exploration of Indian Stock Market: Investigating the Interface of Return, Sentiment and Exchange Rate Part II: Investment 7. The Dynamics of Global Demand, Investment and Trade Deficit in India: A Model of India’s External Dependence 8. India’s Recent Slowdown and Neoliberal Regime of Accumulation: Is There a Link? 9. Foreign Direct Investment and Productivity Spillovers: Evidence from Indian Pharmaceutical Industry Part III: Trade 10. Reformatory Policies and Factor Prices in a Developing Economy with Informal Sector 11. Impact of Trade Liberalization on Informal Employment: A Theoretical Approach 12. Trade Potential and WTO Issues for West Bengal

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