Beruflich Dokumente
Kultur Dokumente
Singh PGP31133
Ashok Kumar
PGP31142
Nikhil Yadav
PGP31158
Sneha Khurana
PGP31174
Sushman Das
PGP31180
Indias economic reform has been shaped by two changes: 1) Single party dominant system to a
multi-party system with increasing importance of single-state parties in forming governments 2)
Emergence of new interest groups with economic liberalization, reduction in the influence of central
government and increase in autonomy of market institutions, private sector actors, and state
governments.1
Corbridge, S. (2009). The Political Economy of Development in India Since Independence. Development Studies
Institute London School of Economics.2 Echeverri-Gent, J. (2001). Political Economy of India's Fiscal and Financial
Reform. Working Paper No. 105 . Stanford.
amendments to tax laws in the 2012 Budget could be deemed to be against the private sector as
well. There was also several corruption scandals creating an unfavorable business environment.
The NDA government under the leadership of Modi has implemented reforms targeted at increasing
the ease of doing business and attracting foreign investors indicating the rise of the interest group
of business houses again. It launched efforts to streamline transfer payments, tax law amendments
and make in India initiatives. The results of these are yet to be seen.