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The Indian Reform ‘Model’

In: Development Models, Globalization and Economies

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  • Laveesh Bhandari

Abstract

The Indian model of economic development is essentially a political-economic model and not a purely economic model. The political-economic model by default is more oriented to improving the processes of economic governance. Moreover, the speed with which economic policies change are determined by (1) the interplay between different pressure groups within its democratic polity, (2) different roles of the three tiers of its government (central, state and local), and (3) the ever-changing macro-economic conditions.

Suggested Citation

  • Laveesh Bhandari, 2006. "The Indian Reform ‘Model’," Palgrave Macmillan Books, in: John B. Kidd & Frank-Jürgen Richter (ed.), Development Models, Globalization and Economies, chapter 5, pages 74-89, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52355-5_5
    DOI: 10.1057/9780230523555_5
    as

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