Democratic Politics and Economic Reform in India by Rob Jenkins

By Rob Jenkins

Successive Indian governments have remained dedicated to market-oriented reform because its advent in 1991. In a well-argued and debatable exam of the political dynamics that underlie that dedication, Jenkins demanding situations latest theories of the connection among democracy and fiscal liberalization. He contends that whereas democracy and liberalization are not any longer thought of incompatible, the recent considering emphasizes the healthy points of democracy, downplaying the enticements of populism and its reliance on obfuscatory strategies in defusing political resistance. actually, the writer argues, it really is via such political maneuvering that democracy survives.

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Additional info for Democratic Politics and Economic Reform in India (Contemporary South Asia)

Example text

Arguably, it is when mundane micro-reforms begin to aVect the lives and interests of diverse constituencies operating at more localised levels that the cumulative weight of economic liberalisation becomes eVectively irreversible. For instance, for the central government, restoring previous tariV levels would be a relatively simple matter administratively, international commitments notwithstanding; undoing all of the complicated reforms at the state level, on the other hand, would be far more diYcult.

40. Government of India, Ministry of Finance, Economic Survey 1994/95 (New Delhi, 1995). World Bank, India: Sustaining Rapid Economic Growth, Table 4, p. 40. The 1997–98 Wgures are government ‘budget estimates’, though the same Wgures had been reached in the government’s ‘revised estimate’ for 1996–97. Evolution of economic reform 23 several years after the initiation of reform subsidies were still ubiquitous. But while outlays for the two largest subsidy items – for food and fertiliser – have remained level or continued to rise, the growth in the overall subsidy burden of the central government has been arrested.

World Bank, India: Sustaining Rapid Economic Growth, Table 4, p. 40. Ã Ibid. , Table 14, p. 49. , Table 4, p. 40. Government of India, Ministry of Finance, Economic Survey 1994/95 (New Delhi, 1995). World Bank, India: Sustaining Rapid Economic Growth, Table 4, p. 40. The 1997–98 Wgures are government ‘budget estimates’, though the same Wgures had been reached in the government’s ‘revised estimate’ for 1996–97. Evolution of economic reform 23 several years after the initiation of reform subsidies were still ubiquitous.

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