Change of Industrial Strategies and Government-Business Relationsip in India
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India has emerged as the Asia’s new economic power. Many studies have applauded its significant economic development. Recently, however, Indian economy has also experienced sluggish growth and has faced pessimistic prediction. This paper will explore the reasons behind these divergent views by investigating India’s industrial strategies and the structural characteristics of economic governance through an examination of the relationship between Indian government and businesses by firm type and industrial sector.
Abstract
India has emerged as the Asia’s new economic power. Many studies have applauded its significant economic development. Recently, however, Indian economy has also experienced sluggish growth and has faced pessimistic prediction. This paper will explore the reasons behind these divergent views by investigating India’s industrial strategies and the structural characteristics of economic governance through an examination of the relationship between Indian government and businesses by firm type and industrial sector.
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