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Source: Getty

In The Media
Carnegie India

After Lok Sabha Polls, New Government Must be Wary of Big-Bang Ideas That Lead to Bad Outcomes

Contestation is intense in this election, and the incoming Indian government—irrespective of its composition—will be under pressure to perform.

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By Suyash Rai
Published on Apr 12, 2019
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Political Economy

This program studies contemporary developments in India’s political economy, with a view towards understanding and informing India’s developmental choices. Scholars in the program analyze economic and regulatory policies, design and working of public institutions, interfaces between politics and the economy, and performance of key sectors of the economy such as finance and land.

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Source: Print

After the mammoth seven-phase Lok Sabha elections, India will transition from the poetry of campaigning to the prose of performance.

Contestation is intense in this election, and the incoming government – irrespective of its composition – will be under pressure to perform. Hopefully, economic reform will be a priority.

Experience tells us that just getting the state out of economy’s way by lowering entry barriers and opening markets is not enough. The government must make deeper institutional changes in the way it defines and performs its functions.

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This article was originally published in the Print.

About the Author

Suyash Rai

Former Fellow, Carnegie India

Suyash Rai was a fellow at Carnegie India. His research focuses on the political economy of economic reforms, and the performance of public institutions in India.

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Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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