Диалектика экономических реформ Н. Моди

Publication type Article
Status Published
Occupation: Junior Researcher
Affiliation: Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO)
Address: 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation
Journal nameAsia and Africa Today
EditionIssue 6

To overcome the negative consequences of the COVID-19 pandemic, the government of India has presented the special assistance package to the most affected industries and vulnerable segments of the population under Atmanirbhar Bharat Abhiyan, or Self-Reliant India mission, in May 2020. The initiative is aimed at revealing development potential of domestic production, focused on both export and internal consumption. After coming to power in 2014, BJP government immediately took steps to develop manufacturing sector, attract investment and create new jobs. These policies were renewed during the dealing with pandemic induced challenges. As the official authorities emphasize in their press-briefings and meetings with business, the announced course for self-reliance does not contradict the country’s intention to integrate more firmly into global value chains. The ongoing structural reforms are expected to contribute to the India’s economic leadership and therefore strengthening its influence on global and regional processes.

The article analyzes the features and main directions of BJP’s economic policy at pre- and post-pandemic period, and in particular considers the nature and objectives of Self-Reliant India mission.

KeywordsIndia, Narendra Modi, Self-Reliant India, economic growth, manufacturing sector, infrastructure
Publication date21.06.2023
Number of characters28297
100 rub.
When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 156

Readers community rating: votes 0

1. Budget 2021-2022. Speech of Nirmala Sitharaman, Minister of Finance. February 1, 2021. https://www.indiabudget.gov.in/budget2021-22/doc/Budget_Speech.pdf (accessed 09.11.2022)

2. Kaushik S. A.B. Vajpayee: An Eloquent Speaker and a Visionary Parliamentarian. New Delhi: APH Publishing, 1998. 323 p.

3. Budget 2022-2023. Speech of Nirmala Sitharaman Minister of Finance. February 1, 2022. https://www.indiabudget.gov.in/doc/bspeech/bs202223.pdf (accessed 09.11.2022)

4. Economic survey 2021–22. Chapter 8. Industry and Infrastructure. https://www.indiabudget.gov.in/budget2022-23/economicsurvey/doc/eschapter/echap08.pdf (accessed 09.01.2023)

5. Mini-Budget after Budget: Government slashes corporate tax rates to boost economy, investments. Times of India. 20.09.2019. https://timesofindia.indiatimes.com/business/india-business/mini-budget-after-budget-govt-slashes-corp-tax-rates-to-boost-economy-investments/articleshow/71214427.cms (accessed 25.02.2023)

6. Cut in corporate tax rate was needed to spur investments, boost growth: CEA Subramanian. Economic Times. 29.11.2019. https://economictimes.indiatimes.com/news/economy/policy/cut-in-corporate-tax-rate-important-for-investments-cea-krishnamurthy-subramanian/articleshow/72287864.cms (accessed 12.01.2023)

7. Cairn offers to forego $500 mln if India agrees to pay principal due. Economic Times. 12.04.2021. https://economic times.indiatimes.com/markets/stocks/news/cairn-offers-to-forego-500-mn-if-india-agrees-to-pay-principal-due/articleshow/82014131.cms (accessed 16.01.2023)

8. Sikarwar D. Vodafone files for retro tax settlement with India. Economic Times. 06.12.2021. https://economictimes. indiatimes.com/news/economy/policy/vodafone-files-for-retro-tax-settlement-with-india/articleshow/88061385.cms (accepted 14.01.2023)

9. Disinvestment not for shutting down CPSEs, but to make them more efficient: Nirmala Sitharaman. Times of India. 10.06.2022. https://timesofindia.indiatimes.com/business/india-business/disinvestment-not-for-shutting-down-cpses-but-to-make-them-more-efficient-nirmala-sitharaman/articleshow/92135362.cms (accessed 15.02.2023)

10. Jain Bh. Air India: choice is between privatising or closing it down, says Puri. Times of India. 15.09.2020. https://timesofindia.indiatimes.com/business/india-business/air-india-choice-is-between-privatising-or-closing-it-down-says-puri/articleshow/78130394.cms (accessed 20.01.2023); Either privatise or close Air India, says Minister Puri. Outlook India. 27.03.2021. https://www.outlookindia.com/website/story/india-news-either-privatise-or-close-air-india-says-minister-puri/378444 (accessed 20.01.2023)

11. Vistara 2nd in market share with 10%, behind IndiGo’s 59%. Times of India. 19.08.2022. https://timesofindia.india times.com/business/india-business/vistara-2nd-in-market-share-with-10-behind-indigos-59/articleshow/93649190.cms (accessed 20.01.2023)

12. NaBFID to be regulated as AIFI under RBI Act. Economic Times. 09.03.2022. https://economictimes. indiatimes.com/industry/banking/finance/banking/nabfid-to-be-regulated-as-aifi-under-rbi-act/articleshow/90107837.cms (accessed 15.12.2022)

13. Congress only sold non-core assets, Modi govt selling everything, says Chidambaram. The Indian Express. 04.09.2021. https://indianexpress.com/article/cities/mumbai/p-chidambaram-national-monetisation-pipeline-modi-government-7486330/ (accessed 08.02.2023).

14. Economic survey 2022-2023. Chapter 12. Physical and digital infrastructure: lifting potential growth. https://indiabudget.gov.in/economicsurvey/doc/eschapter/echap12.pdf (accessed 17.02.2023)

15. Economic survey 2020-21. Vol. 2. Chapter 8. Industry and infrastructure. https://www.indiabudget.gov.in/budget 2021-22/economicsurvey/doc/vol2chapter/echap08_vol2.pdf (accessed 16.03.2023)

16. Indian economy contracts by 6.6 pc in 2020-21. Economic Times. 31.01.2022. https://economictimes.indiatimes.com/news/economy/indicators/indian-economy-contracts-by-6-6-pc-in-2020-21/articleshow/89248879.cms (accessed 16.03.2023)

Система Orphus