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Crony Capitalism in India: Establishing Robust Counteractive Institutional Frameworks

Naresh Khatri and Abhoy K Ojha

Crony capitalism is emerging as one of the most important topics in various but related fields such as economics, business management, ethics, public administration, and political science. It is especially so in the Indian business and economics context. Despite its importance, it has not received sufficient attention from Indian scholars. The scope of the project is ambitious in that it attempts to address the key underpinnings of this complex and multifarious issue in a single book. We bring together experts from various backgrounds to provide a comprehensive treatment of the topic. This book will meet the needs of students, teachers, and scholars in a variety of fields such as economics, business management, ethics, public administration, and political science. We are surprised that such a comprehensive treatment of the important topic of crony capitalism is not yet available and believe that a book like this has a huge pent-up demand. Further, given the emergent nature of Indian economy, this book will provide important information for decision makers in both government and business to help establish a robust institutional framework that is so desperately needed. In addition, the book will be of interest to international audience for two reasons. First, both businesspersons and academics are watching India with great interest because of the size and dynamism of its economy. Second, there may be useful lessons for both developing and developed nations from our understanding of Indian brand of crony capitalism.

Published Year
2016

Crony Capitalism in India: Establishing Robust Counteractive Institutional Frameworks

Author(s) Name: Naresh Khatri and Abhoy K Ojha
Year of Publication : 2016
Abstract :

Crony capitalism is emerging as one of the most important topics in various but related fields such as economics, business management, ethics, public administration, and political science. It is especially so in the Indian business and economics context. Despite its importance, it has not received sufficient attention from Indian scholars. The scope of the project is ambitious in that it attempts to address the key underpinnings of this complex and multifarious issue in a single book. We bring together experts from various backgrounds to provide a comprehensive treatment of the topic. This book will meet the needs of students, teachers, and scholars in a variety of fields such as economics, business management, ethics, public administration, and political science. We are surprised that such a comprehensive treatment of the important topic of crony capitalism is not yet available and believe that a book like this has a huge pent-up demand. Further, given the emergent nature of Indian economy, this book will provide important information for decision makers in both government and business to help establish a robust institutional framework that is so desperately needed. In addition, the book will be of interest to international audience for two reasons. First, both businesspersons and academics are watching India with great interest because of the size and dynamism of its economy. Second, there may be useful lessons for both developing and developed nations from our understanding of Indian brand of crony capitalism.