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Why Stock Markets are Booming Despite Economic Decline

Interview with Pranab Bardhan |
Interviewed by Paranjoy Guha Thakurta
Produced by Newsclick Team,
Inequalities of income and wealth have widened sharply in India in recent times.

Inequalities of income and wealth have widened sharply in India in recent times. As large segments of the economy have become less competitive, crony capitalist oligarchs have prospered, supported by a corrupt nexus among capitalists, bankers, and the government, says Pranab Bardhan, who recently retired as professor of economics at the University of California, Berkeley, in the US, in this exclusive interview with NewsClick. 

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