This paper analyses the phenomenon of jobless growth in India and the United States through the lens of employment elasticity. We decompose the level and change of aggregate employment elasticity in terms of sectoral elasticities, relative growth and employment shares. Estimates of these decompositions are presented with employment and output data from relevant sources for both economies. In India, the agricultural sector was the key determinant of both the level and change of aggregate elasticity till the early 2000s.

Unlike the rest of the subcontinent, Assam retained many elements of its tribal economy well into the 19th century. With the British invasion the picture began to change gradually. Opening up of the Brahmaputra Valley in 1826 brought about two major changes in the mode of surplus extraction. One, colonial capital flowed into tea plantations, along with indentured labourers from mainland India. Though immensely profitable for the planters, this had a limited impact on the larger peasant economy of Assam.

The Bengal famine of 1943 is arguably the worst economic disaster of 20th century south Asia. This paper traces the background of the famine and analyses the role of the land market in fuelling food price rise. It appears that in a monetised, already famished, agrarian economy, during situations of subsistence crisis, interlinking of food and land markets has the potential to cause an exponentially high degree of disaster. The role of a universal public distribution system, which carries over food from a surplus to a deficit year, and insulates the food market, thus becomes paramount.