Contradictory Policies of Neoliberalizing India

Abstract

This paper examines the tensions and contradictions within the Indian state in its production of socio-economic policies. Pressure of global governance institutions, multinational corporations, and neoliberal states of the global North that back such corporations, have been instrumental in the production of -friendly economic policy in India. Additionally, in representing the interest of the national bourgeois, the Indian state has been receptive to ideas that favor marketization of the economy. However, public pressure, where the poor constitute the majority of the Indian population, has compelled the Indian state to also strengthen welfare. In examining this contradiction of the simultaneous production of neoliberal and welfare policy, we analyze the case of the public distribution system (which is being marketized) on the one hand, and the employment guarantee scheme (that demonstrates strengthening of welfare) on the other.