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Tags: Capitalism, Colonialism, CPI(M), FDI, globalisation, Imperialism, indian foreign aid, Karl Marx, Left Front, Left politics, Nuclear Weapons
Categories : History, India, Marxism and Marxists, Politics
There has been a major transformation in India over the last two decades – economic, political, social and cultural. Some of this has been a result of the liberalisation of the economy, a significant part of which has been the opening up to global capital. The Left in India, across organisations and ideologies, has viewed globalisation as a disaster for India. However, even a cursory glance at the actual history of globalisation in India will show that it has been as much about India reaching out to the world as the world coming to India.
This paper argues that the Indian radical has been unable to come to terms with this phenomenon. He does not know how to define it, he does not know how to engage with it and he invariably falls back on understandings and explanations from another age which have little salience today. It is this last feature which brings out a streak of conservativeness in him.
This paper tries to identify the main features of the Indian radical’s fear of globalisation, the function of nationalism in this, the role which foreign goods and capital play in building this and the consequences for radical politics.
(This is not a fully developed position but rather an attempt to think through some ideas. Further, the text here is a rough draft which was used to make a presentation at the workshop on Spectacle of Globality organised by Ravinder Kaur and Thomas Blom Hansen at the University of Copenhagen on 29-30 August 2012. Please do not quote from this article without asking me.)
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Tags: africa, indian capitalists, indian foreign aid, underdevelopment
Categories : Back-of-the-envelope Economics, India - Pakistan, Politics, The Post Column, War and Imperialism
Last week India announced a line of credit of US $ 5.4 billion to African countries for developing their infrastructure and meeting other development goals as well as duty free import scheme for 50 Least Developed Countries, of which 34 are in Africa. Apart from this the Government also announced a grant of US $ 500 million to African countries and doubled the number of fellowships given to students from African and Asian countries.
This was startling news for a country which has for long being among the largest recipients of foreign aid in the world. From the time of its independence till the early years of this century, billions of dollars have been sent to India by global development agencies and NGOs to finance a range of development work. From the large donors like USAID to small donors like the Swiss and Swedish agencies, India has for long remained the largest aid recipient in their annual budgets. Even in 2006-07, the Government of India received US $ 1.83 billion in net external aid, not counting the amount received by non-governmental bodies in assistance. But according to some estimates, India’s annual aid to other countries equals US $ 1 billion. These figures include loans and other credit instruments. Even if one considers only grants (which have no repayment), the Government of India receives about US $ 654 million from the world and gives out something in the range of US $ 150-200 million to other developing countries.
It is not that India has solved its problems with regard to poverty, malnutrition, health, shelter, education and public infrastructure. Read the rest of this entry »