By Rob Jenkins
Successive Indian governments have remained dedicated to market-oriented reform for the reason that its creation in 1991. In a well-argued and arguable exam of the political dynamics that underlie that dedication, Jenkins demanding situations current theories of the connection among democracy and monetary liberalization. He contends that whereas democracy and liberalization aren't any longer thought of incompatible, the recent considering emphasizes the healthy facets of democracy, downplaying the enticements of populism and its reliance on obfuscatory strategies in defusing political resistance. in truth, the writer argues, it truly is via such political maneuvering that democracy survives.
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Additional resources for Democratic Politics and Economic Reform in India (Contemporary South Asia)
Kohli cites the importance of trade unions as a lobby – a group which can be found in both his ‘Congress rank and Wle’ and ‘moderate left opinion’ categories of political resistance to 1980s-era liberalisation. While the occupants of his categories diVer substantially, Kohli’s explanation of interest-group machinations shares the pessimism regarding the prospects for change found in the most elaborate and inXuential approach to the political economy of India’s arrested development – that of Pranab Bardhan.
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. 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.
Smaller savings were made in interest subsidies and subsidies to handloom cloth producers. As for India’s slippage on overall deWcit reduction targets, even World Bank analysts concede that much of the blame must be attributed to other aspects of economic reform. À In other words, not only does an obsession with deWcit statistics mask other important reforms; it À World Bank, India: Recent Economic Developments, p. ii. Evolution of economic reform 25 obscures the extent to which the far-reaching nature of other reforms militated against the achievement of deWcit-reduction targets.
Democratic Politics and Economic Reform in India (Contemporary South Asia) by Rob Jenkins