A History of Economic Policy in India

Crisis, Coalitions, and Contingency

Rahul De (Azim Premji University, Bengaluru)

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English

Cambridge University Press
04 January 2024

Political economy

Economic Policy in Independent India provides an immersive, accessible yet rigorous understanding of the Indian economy through a political economy analysis of economic policies. It provides a birds-eye view of the politics, context, and ideas that shaped major economic policies in independent India and argues that they are the product of crisis, coalitions, and contingency - not necessarily choice. Each chapter focuses on specific political regimes: Colonial Rule, Jawahar Lal Nehru, Indira Gandhi, liberalisation under coalition governments, the UPA Government, and the NDA Government. The book evaluates how well a government executed its policies based on the economic and political constraints it faced, rather than economic outcomes.

Using theories to make sense of the economy, political ideology, historical conditions, and international context, the book's framework provides multiple perspectives and analyses economic policies as an outcome of interactions between dynamics in the economy.

By: Rahul De (Azim Premji University Bengaluru)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 237mm, Width: 158mm, Spine: 17mm
Weight: 410g
ISBN: 9781009362672
ISBN 10: 1009362674
Pages: 220
Publication Date: 04 January 2024
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

List of Figures and Tables; Preface; Acknowledgments; List of Abbreviations; Introduction; 1. The Colonial Economy: 1776–947; 2. The Drive to Industrialize under Nehru's Leadership: 1950–1966; 3. The Turn to Populism under Indira Gandhi: 1967–1979; 4. The Early Liberalization Years: 1980–2003; 5. Maturity of Reforms: Liberalization under UPA Government: 2004–14; 6. Reforms under the NDA Government: 2014–2019; Index.

Rahul De is senior lecturer in Economics at the School of Arts and Sciences at Azim Premji University, Bengaluru. He teaches courses on Introduction to Economics and Political Economy and his research interests are Capitalism in India, Informal labor processes, Role of state in the economy, and Political economy of the mass media.