Political Economy of Karnataka: 1950 - 1995

Narendar Pani

Journal of Social and Economic Development, 1998, vol. 1, issue 1, 73-93

Abstract: This outline of the interaction between the polity and the economy in Karnataka between 1950 and 1955 begins with the process of public investment creating, newly powerful social groups in the 1950s. As these groups demanded and received subsidies. more local groups strove for political power Meeting the demands of a larger number of groups through subsidies proved to be financially unsustainable. This resulted in an effort to tap private capital. both in industry as well as in agriculture. In this volatile. and not always predictable. change the consistent factor was the continuing decentralisation. Political decentralisation occurred across both caste groups and regions, while economic control moved down from the state to small industries to shareholders as well as organised labour

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:sch:journl:v:1:y:1998:i:1:p:73-93

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