This paper studies the consequences of certain widespread policies for the quality and sustainability of growth. These policies cause economic inefficiency, environmental destruction and increased poverty. The paper develops a political economy model to show why the existence of such policies is...

Introduction / Christophe Jaffrelot, Atul Kohli and Kanta Murali -- Power of business in contemporary India -- Economic liberalization and the structural power of business in India / Kanta Murali -- India's new porous state : blurred boundaries and the evolving business-state relationship /...