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The dominant discourse views the Indian economy's transformation over several decades as a progression towards a grand, unified, and dynamic market economy. Critiquing this discourse,
The Nonfarm Economy illustrates the prevalence and intensification of 'structural dualism'. Using both theoretical and empirical perspectives, Bhattacharjee, Chakrabarti, and Rajeev analyse the origins of this persistence and the deepening of a dualistic developmental pattern. By studying the Indian rural economy and parts of the rural Global South, they demonstrate how the contemporary capital-centric growth process itself has induced the intensification of dualism, alongside factors such as population growth and land fragmentation. Only a limited segment of the impoverished population can integrate with the expanding circuits of capital using their skills, resources, and networks; a large mass of people is thus pushed towards dispossession and exclusion. The book further examines the effects of the COVID-19 pandemic on this development pattern, demonstrating how it has intensified the phenomenon of structural dualism. Contrary to the current prescriptions fixated on formal sector growth and policies extending government support, the authors posit a labour-focused (cluster-based) development model and offer constructive policy recommendations for achieving inclusive growth.
About the author
Manojit Bhattacharjee is an Assistant Professor at the Mahatma Gandhi Government Arts College, Mahe. With a PhD from the Institute for Social and Economic Change, Bangalore, he has previously taught at St. Joseph's College (Autonomous), Bangalore, and Jain University. His research focuses on the household credit market, insurance, and the farm and nonfarm sectors. He has authored numerous publications in journals and edited books, including the
Journal of Asian Economics,
Applied Economics Perspectives and Policy,
Margin: The Journal of Applied Economic Research,
Economic and Political Weekly, and others.
Saumya Chakrabarti is a Professor of Economics and the Head of the Department of Economics and Politics at Visva-Bharati (University), Santiniketan. He has taught at St. Xavier's College, Kolkata; University of Calcutta; and Presidency University, Kolkata. Professor Chakrabarti has been a Visiting Fellow at Brown University, USA, and an Honorary Director at the Agro-Economic Research Centre (Government of India), Santiniketan. He has published in journals such as the
Cambridge Journal of Economics,
Review of Radical Political Economics,
Economic and Labour Relations Review,
Economic and Political Weekly,
Indian Journal of Agricultural Economics, and
Indian Journal of Labour Economics, and has written books published by Prentice Hall and Oxford University Press. He has travelled across several countries of the Global South and North and regularly contributes to popular journals and vernacular dailies.
Meenakshi Rajeev is a Professor of Economics at the Department of Humanities and Social Sciences, Indian Institute of Technology, Jammu, and HAG Professor at the Centre for Economic Studies and Policy, Institute for Social and Economic Change, Bangalore. She graduated from IIT Kanpur in Statistics and holds a PhD in Economics from the Indian Statistical Institute (ISI), Kolkata. With over 100 publications in reputed journals and books, and as working papers, she has taught at the University of California (San Diego), Kassel University, and Central Michigan University. Her research focuses on game theoretic applications, banking and credit markets, farm and nonfarm sectors, and industrial economics. Professor Rajeev has served on several government committees and conducted research projects for the World Bank, Asian Development Bank, and the Governments of India and Karnataka. Recently, she has been a member of the task force that helped formulate Karnataka's research and development (R&D) policy.
