The thesis of the inherent nature of the crisis in the capitalist system, the inevitability of the boom-and-bust cycles can be substantiated both by the incisive analysis of Karl Marx, the immediacy of the internal contradictions of capitalism and the fact that the capitalist system has moved from crisis to crisis with disruptive effects. But the fault-lines today are truly real and worrisome. This time is different! In line with the Prime Minister Shri Narendra Modi’s vision of ‘Atmanirbhar Bharat’ (self-reliant India) outlined on May 12, 2020, the Finance Minister Mrs. Nirmala Sitharaman announced three Special economic packages of Rs. …
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