Understanding India∆s New Political Economy: A Great Transformation?

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2011-04-06
  • Publisher: Routledge

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This book addresses the three most important large-scale transformations that have reshaped India since 1989: 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 the literature, it describes, explains and assesses the nexus between these central transformations in a rigorous and integrated manner.Chapters written by eminent intellectuals and younger scholars from a variety of disciplines examine the causes and consequences of economic liberalization, Hindu nationalism and popular democratic mobilization vis-ŗ-vis a specific actor, institution or domain of India's political economy. In doing so, they individually explain the relationships between, and consequences of, these central transformations in their respective spheres. At the same time, the chapters uniquely engage with each other to generate a larger unified synthesis.An interesting treatment of post-liberalisation analysis of the Indian economy, the book treats political, economic and social aspects of India in the current as well as the historical context since the country's independence. Based on empirical findings, the authors offer an idea on how the multilevel and multidirectional growth story of India is likely to develop. The book will be of interest to students and researchers of India's political economy and the growth economies of Asia.

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