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Neo-Liberalism and the Rise of Right-Wing Conservatism in India

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  • Mazumdar, Surajit

Abstract

This paper assesses the origins and the consequences of the decisive right wing shift in Indian politics ushered in by the 2014 elections. Tracing this to long-term but not linearly developing tendencies in Indian politics, the paper relates these with the distinctive nature and history of capitalist development in India, particularly the sharply polarizing growth and accumulation regime of the neo-liberal era and the crisis it now confronts. Asserting that the electoral success of the Narendra Modi-led BJP was based on it being the political agent of not change but of a reassertion by India’s economic elite, the paper explains the challenge of managing sharply contradictory interests that this places in the path of the consolidation of the new regime.

Suggested Citation

  • Mazumdar, Surajit, 2017. "Neo-Liberalism and the Rise of Right-Wing Conservatism in India," MPRA Paper 93182, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:93182
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    References listed on IDEAS

    as
    1. Mazumdar, Surajit, 2010. "Big Business and Economic Nationalism in India," MPRA Paper 28160, University Library of Munich, Germany.
    2. Arvind Virmani, 2004. "India's economic growth: From socialist rate of growth to Bharatiya rate of growth," Indian Council for Research on International Economic Relations, New Delhi Working Papers 122, Indian Council for Research on International Economic Relations, New Delhi, India.
    3. Das Gupta,Chirashree, 2016. "State and Capital in Independent India," Cambridge Books, Cambridge University Press, number 9781107102248.
    4. Mazumdar, Surajit, 2011. "The State, Industrialization and Competition: A reassessment of India's Leading Business Enterprises under Dirigisme," MPRA Paper 47810, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    India; Conservatism; Capitalism; Neo-Liberalism;
    All these keywords.

    JEL classification:

    • H00 - Public Economics - - General - - - General
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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