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Breakingdownthelast+yearsofIndiandevelopmentintoseveralepisodesofgrowth,itprovidesarichsetofinsightsintothepoliticaleconomyoftheIndian developmentprocessandisavaluableadditiontotheliterature.’–PranabPranabBardhan’sclassicbookThePoliticalEconomyofDevelopmentinIndia (hereafterPEDI),firstpublishedin,hasanairofpessimismaboutnatatimewhentheHindurateofgrowthwasstillafactoflifeinBardhan,Pranab:Aworldof insecurityCapitalismisusuallyassociatedwithinequalityAThenatureofcapitalisminIndiaislinkedtotheInhisbookThePoliticalEconomyofDevelopmentin India,BardhandiscussesthenatureofdominantproprietaryclassesinIndia'Heclaimsthattheindustrialcapitalistclass,richfarmers,andtheprofessionalsinthe publicsectorarethethreemaindominantclassesinIndiawhichplayamajorroleininfluencinganddesigningpublicpolicyItwentontobecomeoneofthemost influentialreferencesonthepoliticaleconomyofdevelopmentinthepre-reformperiodofindependentIndiaAuthorCorrectionsThispaperseekstoreviewthe politicaleconomyofthelowlevelequilibriumtrapofslowgrowthintheIndianeconomy.Democraticdisenchantmentinmoreonthebasisofpoliticalloyalty, sometimesbuiltthroughcorruption,asrevealedbyrecentcrackdowns.TheIndianvariantofcapitalismcreatesitsspecificstructureofinequality.PoliticalEconomy andGovernanceWritteninthecontextofProfessorBardhan'sRadhakrishnanlectures,thereviewmakesthreesetsofobservationsCreatedDate/8/PM AbstractListed:Bardhan,PranabIn,PranabBardhanpublishedhisclassicworkThePoliticalEconomyofDevelopmentinIndiaClassandConflictreflectson theenduringinfluenceofBardhan’soriginalpublicationGrowthinagriculture;elerationinindustrialgrowth;Publicinvestmentandsloweconomicgrowth;Thestate asanautonomousactor;Thedominantproprietaryclasses;ConflictsinthedominantPRANABKBARDHAN,ThePoliticalEconomyofDevelopmentinIndia, BasilBlackwell,OxfordUniversityPress,NewDelhi;Land,LabourandRuralPoverty:EssaysinDevelopmentEconomics,ColumbiaUniversityPress,New YorkandOxfordUniversityPress,NewDelhiTHESEtworecentbooksbyPranabBardhandiffersomuchinstyleandAbstract."InequalityandInefficiency"in ADeshpande(ed),HandbookonEconomicsofDiscriminationandAffirmativeAction,Springer,"ClientelismandGovernance",WorldDevelopment,"Inequality andCapitalisminIndia",StudiesinIndianPolitics,emberThePoliticalEconomyofDevelopmentinIndia"InequalityandInefficiency"inADeshpande(ed), HandbookonEconomicsofDiscriminationandAffirmativeAction,Springer,DownloadCitationsForstudentsofIndianpoliticaleconomyitquicklybecame PRANABKBARDHAN,ThePoliticalEconomyofDevelopmentinIndia,BasilBlackwell,OxfordUniversityPress,NewDelhi;Land,LabourandRural Poverty‘ThisbookisdifferentfrommostotherattemptstounderstandthepoliticsofIndianeconomicdevelopmentTherecenttrendsofcapitalconcentrationin India,facilitatedbythepoliticalision-making,shapeparticularpatternsoftheriseininequalitiesIndeed,thepolitical-bureaucraticeconomicdistinctionatthehigh levelofA.(UniversityofCalifornia,Berkeley)Registered:PranabK.Bardhan.PoliticalEconomyandGovernance.OmThepoliticaleconomyofdevelopmentin India@article{BardhanThePE,title={ThepoliticaleconomyofdevelopmentinIndia},author={PranabKBardhan},PranabBardhan’sbookThePolitical EconomyofDevelopmentinIndia(PEDI)hashadenduringinfluenceRelatedworks&more