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Neoliberalism and Globalisation in India

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Indian Economy: Reforms and Development

Part of the book series: India Studies in Business and Economics ((ISBE))

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.

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Authors and Affiliations

  1. Institute of Development Studies Kolkata, Kolkata, India

    Amiya Kumar Bagchi

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  1. Amiya Kumar Bagchi
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Correspondence to Amiya Kumar Bagchi .

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Editors and Affiliations

  1. Department of Economics College of Vocational Studies, University of Delhi, Ghaziabad, Uttar Pradesh, India

    Pradip Kumar Biswas

  2. Department of Economics, University of Calcutta, Kolkata, West Bengal, India

    Panchanan Das

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Bagchi, A.K. (2019). Neoliberalism and Globalisation in India. In: Biswas, P., Das, P. (eds) Indian Economy: Reforms and Development. India Studies in Business and Economics. Springer, Singapore. https://doi.org/10.1007/978-981-13-8269-7_2

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