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Powered by People, Not Policy

In: India Reloaded

Author

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  • Dheeraj Sinha

Abstract

Unlike that of China, say, India’s growth story is driven by people, not policy. What makes the Indian growth story sustainable is the personal enterprise of millions of Indians and their desire to move up the ladder of life. The role of state policy thus far has been limited, except for the act of economic liberalization in 1991. There is a reason why state policy in India is not designed to favor the market forces: the India that benefits directly from the market forces and the India that votes the government into power are traditionally two disparate sets of people.

Suggested Citation

  • Dheeraj Sinha, 2015. "Powered by People, Not Policy," Palgrave Macmillan Books, in: India Reloaded, chapter 0, pages 152-166, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36710-5_11
    DOI: 10.1057/9781137367105_11
    as

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