Stalemate in Delhi
Article Abstract:
A domestic political crisis could eliminate India's opportunity for economic progress in 1997 and 1998. The country is presenting itself as a stable alternative to Southeast Asian countries for overseas investment, and a number of world leaders and business delegations are due to visit the country. However, a political crisis has arisen due to the emergence of a link between a section of the coalition government and the 1991 assassination of Prime Minister Rajiv Gandhi. The government may have to resign, but it is unlikely that any party could win a majority vote.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
No clear winner
Article Abstract:
Many ordinary Indians expect that the national parliamentary elections will bring another coalition government. The country's political situation remains unstable, but this seems to be having an increasingly less significant impact on economic policies. It is widely believed that India's economic reform process is now so firmly established that no government could stop it, even if that government had a clear majority. The economic agendas of the main parties contesting the parliamentary elections have considerable similarities.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Back to basics: politicians are learning that federalism means cooperation
Article Abstract:
The influence of the Congress party in India has waned and some believe there are signs of a return to the Mughal tradition of a loose federation of states. No party has achieved governing majority since 1984 when Rajiv Gandhi came to power, and the emergence of regional parties is a reaction to the Congress's bid to focus power in New Delhi. Coalition politics actually started in 1967 and it became clear by the mid-1980s that small parties would eventually replace the Congress.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Small market is left in ruins. Japan's PC slump worsens. China's small PC makers are beating U.S. giants in race to tap consumers
- Abstracts: Stuck in the pits. Future imperfect. The big fight
- Abstracts: Contrasting trends. Pounded down. UK economy: time to tighten
- Abstracts: Chemists' goods in Germany. OTC pharmaceuticals in Germany
- Abstracts: Drop everything. Now for the hard part. Reason takes over