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The Politics of Economic Reforms in India by Jos Mooij Pdf
The economic reforms that were initiated in India in the early nineties, are the subject of intense debate. Much of this debate centres around the scope of the reforms, their progress and their impact on growth, poverty reduction and sectoral development. In contrast, this volume focuses on the various political dimensions of the Indian economic reform process. The contributors emphasize the political shaping of the reforms, the politics of implementation, and the impact of reforms on political structures and processes. Two major themes run through the book: the relationship between policy reforms and democratic politics; and the impact of reforms on the quality of governance. Bringing together both theoretical contributions and case studies pertaining to particular states or sectors, this volume provides insights into various important questions including: - How was a radical shift in policy possible in a democracy, where the opposition can easily mobilize resistance? - How can reforms be sustained in a context where the majority of the voters are poor and attracted by handouts, and where political parties are accustomed to attracting voters through populist policies? - Do the reforms contribute to more efficient and inclusive administrative and political governance, or do they lead to new forms of corruption, bureaucratic mismanagement and/or undemocratic politics?
The Politics of Economic Reforms in India by Jos Mooij Pdf
The economic reforms that were initiated in India in the early nineties, are the subject of intense debate. Much of this debate centres around the scope of the reforms, their progress and their impact on growth, poverty reduction and sectoral development. In contrast, this volume focuses on the various political dimensions of the Indian economic reform process. The contributors emphasize the political shaping of the reforms, the politics of implementation, and the impact of reforms on political structures and processes. Two major themes run through the book: the relationship between policy reforms and democratic politics; and the impact of reforms on the quality of governance. Bringing together both theoretical contributions and case studies pertaining to particular states or sectors, this volume provides insights into various important questions including: - How was a radical shift in policy possible in a democracy, where the opposition can easily mobilize resistance? - How can reforms be sustained in a context where the majority of the voters are poor and attracted by handouts, and where political parties are accustomed to attracting voters through populist policies? - Do the reforms contribute to more efficient and inclusive administrative and political governance, or do they lead to new forms of corruption, bureaucratic mismanagement and/or undemocratic politics?
India's Economic Transition examines the reforms and their impact on the political economy of India. The introduction to the volume analyzes the politics that shaped economic policy during three broad phases--from independence to 1968, between 1969 and 1974, and the period after 1975--leading to the balance of payment crisis of 1991. The book addresses such questions as: What were the economic reforms undertaken after 1991? Why did they occur and how were they sustained? What was the impact of economic reforms on India's political economy? In addition, it includes significant features of the post-reform political economy like the growing importance of Indian federalism; a new politics of regulation governing markets in areas such as telecommunications, power, and stock exchanges; industrial lobbying; trade union activism; and the curious mix of benefits and costs associated with the rise of India's IT sector.
Political Economy of Reforms in India by Rahul Mukherji Pdf
The Oxford India Short Introductions are concise, stimulating, and accessible guides to different aspects of India. Combining authoritative analyses, new ideas, and diverse perspectives, they discuss subjects which are topical yet enduring, as also emerging areas of study and debate. Political Economy of Reforms in India discusses the political economy of the country's growth, globalization, and welfare. It finds that the political economy of growth and globalization are intimately connected. And, the political economy of welfare, though dependent to a much greater extent on state intervention than growth, is critically dependent on the growth process. Governments and markets can both fail to deliver. Understanding the political process of economic change is critical for evolving a view about the importance of governments and markets in economic activity. This book highlights the critical importance of political economy during the course of development. Economic ideas about growth, globalization, and welfare have to traverse a political distance before citizens can benefit from economic institutions and policies. Mukherji reviews the importance of various factors that affect economic change in India and finds that the way the government, especially its technocrats, think is important for producing change.
This reader, the third in the Critical issues in Indian politics series, deals with the political and economic processes that shaped the reform initiatives in India since 1991.
The Politics of Economic Restructuring in India by Loraine Kennedy Pdf
State re-scaling is the central concept mobilized in this book to interpret the political processes that are producing new economic spaces in India. In the quarter century since economic reforms were introduced, the Indian economy has experienced strong growth accompanied by extensive sectoral and spatial restructuring. This book argues that in this reformed institutional context, where both state spaces and economic geographies are being rescaled, subnational states play an increasingly critical role in coordinating socioeconomic activities. The core thesis that the book defends is that the reform process has profoundly reconfigured the Indian state’s rapport with its territory at all spatial scales, and these processes of state spatial rescaling are crucial for comprehending emerging patterns of economic governance and growth. It demonstrates that the outcomes of India’s new policy regime are not only the product of impersonal market forces, but that they are also the result of endogenous political strategies, acting in conjunction with the territorial reorganisation of economic activities at various scales, ranging from local to global. Extensive empirical case material, primarily from field-based research, is used to support these theoretical assertions. Scholars of political economy, political and economic geography, industrial development, development studies and Asian Studies will find this a stimulating and innovative contribution to the study of the political economy in the developing countries.
Reforms and Economic Transformation in India by Jagdish Bhagwati,Arvind Panagariya Pdf
Reforms and Economic Transformation in India is the second volume in the series Studies in Indian Economic Policies. In this book, nine original essays pursue three interrelated themes: Why the movement of workers out of agriculture, into industry and services, and from informal to formal employments has been slow, explaining the impact the reforms have had on profitability and competition among enterprises,and analyzing the impact on the socially disadvantaged in terms of wage and education outcomes and entrepreneurship.
In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.
Understanding India's New Political Economy by Sanjay Ruparelia,Sanjay Reddy,John Harriss,Stuart Corbridge Pdf
A number of large-scale transformations have shaped the economy, polity and society of India over the past quarter century. This book provides a detailed account of three that are of particular importance: the advent of liberal economic reform, the ascendance of Hindu cultural nationalism, and the empowerment of historically subordinate classes through popular democratic mobilizations. Filling a gap in existing literature, the book goes beyond looking at the transformations in isolation, managing to: • Explain the empirical linkages between these three phenomena • Provide an account that integrates the insights of separate disciplinary perspectives • Explain their distinct but possibly related causes and the likely consequences of these central transformations taken together By seeking to explain the causal relationships between these central transformations through a coordinated conversation across different disciplines, the dynamics of India’s new political economy are captured. Chapters focus on the political, economic and social aspects of India in their current and historical context. The contributors use new empirical research to discuss how India’s multidimensional story of economic growth, social welfare and democratic deepening is likely to develop. This is an essential text for students and researchers of India's political economy and the growth economies of Asia.
The Routledge Handbook of Post-Reform Indian Economy by Rajesh Raj S. N.,Komol Singha Pdf
This handbook presents a comprehensive study of the post-reform Indian economy, three decades after the economic liberalization started in the early 1990s. It studies the broad range of changes that were introduced in the reforms era, assessing their impact on sectors like manufacturing, agriculture, banking and finance, among others. It also assesses the performance of these sectors amid globalization and the socio-economic shifts in the country. The volume evaluates the contribution of the reforms to social transformation, social inclusion, sustainability and human development, and deliberates on the gains, blind spots and limitations. With contributions from scholars across the country, case studies and comparative analyses that draw on data analysis, econometric evidence and historical sensibility, this is an authoritative volume on the reforms of the 1990s and their impact on the Indian economy and people. Topical and the first of its kind, the book will be a useful resource for scholars and researchers of economics, development studies, political economy, management studies, public policy and political studies.
Economic Reform in India by Nicholas C. Hope,Anjini Kochar,Roger Noll,T. N. Srinivasan Pdf
The essays in this volume are written by leading economists working on the Indian economy. They collectively emphasize the importance of policies and institutions for sustained growth and poverty reduction, stressing that the success of sector-specific policies is vitally dependent on the nature of markets and the functioning of institutions such as those charged with regulating and overseeing critical sectors. Individual contributions assess the role of Indian government policy in key sectors and emphasize the policies required to ensure improvements in these sectors. The first section discusses aspects of the macro economy; the second deals with agriculture and social sectors; the third with jobs and how labor markets function in agriculture, industry and services; and the fourth with infrastructure services, specifically electricity, telecommunications and transport. The essays are drawn from the most influential papers presented in recent years on Indian economic policy at the Stanford Center for International Development.