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The objective of this study is to analyse the correlation between initial conditions and cross-country macroeconomic impact of Covid-19 on OECD economies. The study uses group-wise multivariate linear regression modelling to examine the link between macroeconomic variables of interest and the duration of the pandemic, severity of its impact, and annual investment growth rate. The main result from the study shows that variables related to debt such as domestic credit to private sector, private sector debt and debt-to-GDP ratio had significant relationship with the duration and severity of the crisis as well as the investment growth rate during Covid-19. The original contribution of the study is in bringing out the correlation between initial conditions and first order effects of the pandemic on the economy. The policy implications of the results indicate short, medium and long-term measures required to mitigate the systematic risk posed by the pandemic.

Automation impacts wage levels at the micro-level and the structure of employment at the macro-level. Job polarisation is defined as the automation of ‘middle-skilled’ jobs that require routine cognitive and manual applications, whilst high- and low-skilled occupations are preserved. This paper examines the nature of job polarisation in India during the period 1983–2012 when Indian manufacturing sector was being automated. The research uses disaggregated data from National Sample Survey Office and examines the impact of supply-side factors such as nature of employment and presence of educated labour force. The study has three observations. First, the increased demand for high-skilled workers in the formal manufacturing sector is due to skill bias of technology and conforms to theoretical expectation. Second, the transition of agricultural labourers to low-skilled manufacturing sectors such as construction and textiles signals distress in traditional manufacturing sector to provide employment to these groups. Third, the over-supply of secondary and tertiary educated labour force has resulted in the squeezing out of middle-skilled workers from middle-skilled jobs to relatively low-skilled manufacturing and service occupations. This explains the persistence of routine occupations even after automation. The study concludes that in the Indian manufacturing sector, increased demand for high- and low-skilled jobs has coexisted with the middle-skilled jobs due to supply-side factors.

Globally, increased investor interest in land is confronting various types of political mobilisations from communities at the grassroots level. This article examines the case study of a land occupation movement called Chengara struggle in the largest corporate plantation in southern India. The movement is led by the historically dispossessed scheduled caste and scheduled tribe communities. The objective of the study is to understand the type of institutional transformation of property rights that the movement is calibrating. Institutional theory is used to determine the nature and direction of transformation using the framework of economic and political transaction costs. The article concludes that the central demand of the struggle for individual title deed has higher private gains for right-holders, but has overall negative gains for agricultural productivity. The article concludes that productivity-oriented demands to restructure land-use rights within plantations might converge in the land struggles of the future.

Acid violence is embedded in larger macro-political and economic structures that sustain gender domination and perpetuate new forms of gender inequality. This article argues that increasing incidences of acid violence in South Asia and especially in India would benefit from the structural analysis that takes into account impacts from socio-economic structures that reinforce gender inequality. In contemplating a systemic redress mechanism, structural analysis is used to enlarge legal norms. The article proposes a model of transformative justice that involves centrality of state responsibility as a catalyst for social change.

The problems, policies and debates on the quality and access of research cannot be decoupled from higher education in an educational system like that of India where the impact of primary, secondary and higher education is sequential. The article traces the idea of education from the early Greek and Indian philosophers, the university tradition of India during the British rule which laid the foundations of modern Indian education, to the present-day globalized world that offers transnational education with a large number of private players in the fray. The changing contours of the concept of education, that is, what is to be taught and how it is to be taught, direct us in valuing education for the future by properly placing it in the socio-economic context. This is accomplished by critically examining various strands of literature that deals with the value of education from its economic valuation as a quasi-public good to Amartya Sen’s concept of education as a tool to widen social choices. The article then analyzes the problems plaguing higher education in the Indian context that include: a lack of pluralism in student and faculty profile; openness to travel across disciplines; maintaining the highest quality and integrity in research and learning, including publishing and handling of archives; the woes of mushrooming private institutes; and inadequate financial resources that severely demoralize ambition. Consequently, the article concludes with suggestions for reform to improve equity, access and excellence by applying the highest values of academic standards through rigour, dispassionate research, meticulous training and alternate sources of funding for acceptable standards of infrastructure and access to resources.