Indian Politics

126 American freshen up of Political Economy 127 Smith, A. (1976), An inquiry into the nature and causes of the wealth of nations, Italian edition, ISEDI, Milan Sraffa, P. (1960), Production of commodities by means of commodities, Cambridge University Press Stiglitz, J. E. (2002), globalization and its discontents, Italian edition, Einaudi, Turin Tily, G. (2004), The socialisation of interest, paper presented at the AHE conference, Leeds liaison info: Angelo Fusari Piazza dellIndipendenza 4 00185 Rome netmail: a.fusari@isae.it Coalition Governments: Fiscal Implication for the Indian Economy Mala Lalvani? University of Mumbai Abstract The Indian polity has been through 43 coalition giving medications at the touch tongue to level between 1966/67 and 1998/99. In the present get word we attempt to examine what this change in form of organization from single party to coalitions has meant for the economy. The results of our study which examines the post 1980 period give us reason to be optimistic. Coalitions at the state government level appear to choose, on an average, done well to make up capital expenditures particularly capital expenditures on social serve and other developmental categories.

They have, however, not succeeded in taking politically hard decisions of curbing gross expenditures and revenue deficits. It is our contention that the adynamic majority of coalition governments is their major strength. The tenuous hold of coalitions on power gives them a license for undertaking reforms. If the opportunity is taken to undertake the more politically difficult reforms to prune revenue expenditures then the era of coalitions would turn out to be a blessing in disguise for the Indian economy. I longing to thank Professor Ajit Karnik for his valuable comments and suggestions. I would also comparable to record my thanks to an anonymous referee whose insightful comments have helped improve this paper considerably. The usual disclaimer applies. American Review of Political Economy,... If you want to get a full essay, orderliness it on our website: Orderessay

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