Suresh Deman

Jan 16, 2025 | countercurrents.org | P J James |Hiren Gohain |Suresh Deman |Countercurrents Collective

As Modi regime is continuing with its no holds barred rhetoric on “Amrit Kaal” and “Viksit Bharat”, IMF, the postwar neocolonial economic arm of US, and global corporate agencies like Bloomberg have already come out with their predictions on a sharp drop in India’s GDP in the days ahead. And, specifically related to this negative trend, that is comparable to the pandemic days, is the ongoing unprecedented rupee depreciation, which as of now, has crossed 86 per dollar.

Jun 12, 2024 | countercurrents.org | Countercurrents Collective |Richard D. Wolff |Suresh Deman

Recently, the IMF published a GDP forecast in which India appears to be on the top in growth of GDP. However, the IMF does not have its own data bank but relies on what it is being fed by the respective governments. The accuracies of the data are not uniform across the countries and given the structure of the IMF its forecast could not be construed as objective. For example, at the Indian Econometric Society Annual Conference held in 2010, Prof.