Authoritarian Neo-liberalism and Rising Financialization in India

This book seeks to examine the interlinkages between the rising authoritarian and neoliberal policies of the current Indian government and the increasing financialization of the Indian economy in recent years. The timeline for this research is limited to the past decade, with a primary focus on the implications of various socio-economic policies on the overarching financial sector of the country. The analysis is broadly framed within a Regulationist framework, drawing inspiration from both Marxist and Post-Keynesian approaches. While briefly addressing the rapid emergence of digital financialization in the country, the book highlights trends in various macroeconomic variables that have shaped the Indian economy over the past decade. In conclusion, this discussion leads to two key findings that link the growing authoritarian, neoliberal nature of the government to the increasing financialization of the economy: state intervention in promoting private capital and the subsequent erosion of accountability.