Monsanto’s Shares Surge as its Drive to Force GM Crops into India Gathers Pace

‘Parts of corporate India and the well-off middle classes nevertheless celebrated Modi’s rise to Prime Minister in the belief that they would materially benefit from a ‘Thatcherite-style’ revolution (see here). And many ordinary folk also swallowed the PR about Modi’s ‘vibrant Gujarat’ PR campaign, which has been shown to be anything but ‘vibrant’.

Writing on the Countercurrents website, Rohini Hensman shows that GDP growth in Gujarat under Chief Minister Modi was nothing special compared with many other states in India and was supported by wholesale privatisation of public assets, which has in effect meant the state government abdicating responsibility for decision-making processes that impact millions of people’s lives by handing them to elite interests (see here).

In terms of poverty, rural population displacement, hunger, farmer suicides, corruption, disease and debt, Hensman demonstrates that under Modi the extreme economic neoliberalism practised was anything but a resounding success.’

Read more: Monsanto’s Shares Surge as its Drive to Force GM Crops into India Gathers Pace