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Political Stability and Economic Growth: Reflections on Indian Economy

MANTHAN: Journal of Commerce and Management

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Field Value
 
Title Political Stability and Economic Growth: Reflections on Indian Economy
 
Creator Raval, Shreya
Salvi, Prakash
 
Subject Political system; Political stability; Political instability; Democracy; Economic growth.
 
Description Efficient economic policies and their implementation are only sufficient conditions of assured economic growth. However, the type of political structure and stability of the same form the necessary conditions of economic growth for any nation. The political conditions should be ideal and conducive to the nature of the economy. This paper attempts to define political system and its inter-relation to economic development. It further progresses to define political stability under the adopted political system of an economy. It also attempts to explain a state of political instability and its channels of transmission on economic growth. Further, an attempt to define various measures of political stability is made and the significance and impact of the variables is mentioned.
Political polarisation in India is higher as it has a multi-party system with two major political parties and many regional dominant parties. Thus, it is difficulty to take a unitary view on the question of political instability and economic growth.
 
Publisher Journal Press India
 
Date 2017-01-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.myresearchjournals.com/index.php/MANTHAN/article/view/9606
10.17492/manthan.v4i01.9606
 
Source MANTHAN: Journal of Commerce and Management; Vol 4, No 01 (2017)
2347-4440
 
Language eng
 
Relation https://www.myresearchjournals.com/index.php/MANTHAN/article/view/9606/8962