The Unassuming Economist

From a paper by Manjari Johri:

“This paper explores how neoliberal economic policies shaped industrial growth in India, but
also contributed to widening social inequality and environmental degradation. This study
examines how India can balance the economic gains of neoliberal industrialisation with its
mission for environmental preservation and social development. Using the qualitative
approach, the paper has built its argument based on secondary sources like policy documents,
government reports, and corporate CSR disclosures. David Harvey’s insights provide an
understanding of neoliberalism and its impact on democratic principles of society and on the
environment. The research proposes that Corporate Social Responsibility (CSR), mandated by
India’s Companies Act of 2013, balances the capitalist agenda, maximising the profit share
through its activities in areas like renewable energy, afforestation, and community
development. The paper argues that achieving sustainable development requires rethinking
market priorities by focusing on ethical governance, social inclusion, and ecological
responsibility.”