Over the last few decades, politics in India has moved steadily in a probusiness direction. The probusiness shift in India has important implications for both how the world’s largest democracy is governed and for the life-chances of the citizens of that democracy. This volume analyzes the growing power of business groups in the Indian polity. It pursues four research issues aimed at focusing attention on the growing role of business in Indian politics. First, it assesses the power of business groups within India: has the power of business in India achieved a nearly hegemonic status? Second, whether business power is becoming hegemonic or not, how do business groups mold Indian politics? Third, the volume seeks to understand how the power of business groups in India varies along several critical issue areas such as land acquisition, labor, media, and urban governance. Fourth, given India’s regional diversity, it seeks to understand the varying political role of business groups in select Indian states.
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Dembo et al. (1975) studied this question.