Attempts at "liberalizing" India's import-substitution model of development have had a mixed record. Some success in changing the policy regime highlights the role of a new technocratic leadership that has received support from both Indian business groups and from external aid agencies. Conversely, "popular sectors" within India-including the rank and file of the ruling party, the organized workers in the public sector, and the numerically significant middle and lower peasantry - have registered their opposition. While the government remains committed to liberalizing the economy, the momentum has slowed down and, given the pressures of electoral politics, a populist economic program has been simultaneously readopted. It appears that the marriage of political and economic liberalism may not be an easy one in countries like India.
All Science Journal Classification (ASJC) codes
- Geography, Planning and Development
- Sociology and Political Science
- Economics and Econometrics