Question

Effects of interest groups on indian economy

Answer 1

here,
Role of Interest Groups, Institutions and Civil Society in Development - Lessons from India's Experience The present paper attempts to analyse the relative roles of institutions, interest groups and civil society in policy formulation and implementation by mainly drawing upon the development experiences of India, East Asia and China. The important role played by markets and trade in promoting economic growth is also examined. This analysis is important for charting the future directions of development policy in India. A comprehensive concept of development is used in the study encompassing both economic opportunities and social capabilities. The main conclusions of the study are that while there is excess intervention by government in the sphere of economic activity, the state intervention in the social sector is insufficient and ineffective, which led to prevalence of widespread poverty and deprivation in India. Positive interventions by government for creating the basic capabilities to poor people are crucial for the success of economic reforms in India. Electoral reforms, reducing the influence of organised interest groups on policy makers is also urgently called for. The role of civil society lies in creating pressure on the government for positive action through the organs of free press, judiciary and mass media, opportunities for which the democratic polity of India amply provides. Markets also can play a crucial role in promoting economic growth and the state can produce the desired results in this case through a judicious mix of market-excluding and market-complementing interventions.
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