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6 - India and Sectoral Variation

Evolution of Neoliberal Self-Reliance and the Rise of Bifurcated Liberalism

from Part II - Nations and Sectors: Patterns of Market Governance

Published online by Cambridge University Press:  16 June 2022

Roselyn Hsueh
Affiliation:
Temple University, Philadelphia
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Summary

The Strategic Value Framework explicates the dominant sectoral patterns of market governance in India today. Historical process tracing from sectoral origins of labor-intensive textiles and capital-intensive telecommunication in this chapter shows how Indian state leaders intersubjectively respond to objective economic and political pressures. The political basis and evolution of the perceived strategic value of national self-reliance and neoliberal development are the successively elected governments’ interpretations of Independence legacies in response to external and sectarian conflicts and economic crises. The joined imperatives in the Emergency period through Big Bang Liberalization in the 1990s have profound implications for the Singh and Modi governments alike in 2004 and beyond. Interacting perceived strategic value and sectoral structures and organization of institutions shape the decentralized role of the state and the dominant distribution of public and private economic actors of regulated governance in high-tech, globally integrated sectors, such as telecommunications. The more centralized state coordination and numerically dominant small-scale industry and politically dominant business groups of centralized governance operate in more rural, labor-intensive sectors, such as textiles, associated with the nationalist imagination of Gandhian Swadeshiism. The dominant sectoral patterns of market governance have given rise to Indian-style capitalism of bifurcated liberalism shaped by neoliberal self-reliance.

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Publisher: Cambridge University Press
Print publication year: 2022

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  • India and Sectoral Variation
  • Roselyn Hsueh, Temple University, Philadelphia
  • Book: Micro-institutional Foundations of Capitalism
  • Online publication: 16 June 2022
  • Chapter DOI: https://doi.org/10.1017/9781108593441.008
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  • India and Sectoral Variation
  • Roselyn Hsueh, Temple University, Philadelphia
  • Book: Micro-institutional Foundations of Capitalism
  • Online publication: 16 June 2022
  • Chapter DOI: https://doi.org/10.1017/9781108593441.008
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • India and Sectoral Variation
  • Roselyn Hsueh, Temple University, Philadelphia
  • Book: Micro-institutional Foundations of Capitalism
  • Online publication: 16 June 2022
  • Chapter DOI: https://doi.org/10.1017/9781108593441.008
Available formats
×