Seminar Issue 734: Untangling Business-State Relations in India.

Seminar Issue 734: Untangling Business-State Relations in India.

Seminar Magazine , 1 October 2020

Over the last year, CPR has been working to understand why the relationship between the business community and the Indian state has deteriorated so much over the last decade. Whether it is plunging private investment, increasing concentration of capital, the alienation of informal businesses and SMEs, or the rising NPA problem, many indicators show that India's economy is in deep trouble, even prior to the Covid-19 pandemic. No nation-state has grown without some degree of collaboration with its business community, and we strongly believe that trust needs to be rebuilt between capital and the Indian state in order to accomplish any of the optimistic goals that have been set out by successive governments.

This October 2020 of Seminar gathers a range of experts from business, journalism, policy research and academia to diagnose discrete problems of the business-state relationship, establish the background for why things have deteriorated, and suggest some possible directions to repair this fraying trust. We hope that some of the ideas from this issue can help capital and the state have productive conversations again.

 
  1. THE PROBLEM, Posed by Rohit Chandra, Assistant Professor, IIT Delhi, and Visiting Fellow, Centre for Policy Research, Delhi and Rahul Verma, Fellow, Centre for Policy Research, Delhi.
  2. TAKING THE TEMPERATURE OF CAPITAL, Rohit Chandra, Assistant Professor, IIT Delhi, Visiting Fellow, Centre for Policy Research, Delhi.
  3. CAPITAL BOWS BEFORE THE STATE, M. Rajshekhar, independent reporter studying energy, environment, political corruption and oligarchy in India, Bengaluru.
  4. TWO INDIAS, Aseema Sinha, Wagener Professor of Comparative Politics and, Roberts Fellow, Claremont Mckenna College, California.
  5. SMALL BUSINESS AND INDIA’S ELITIST POLITICAL ECONOMY, Adnan Naseemullah, Associate Professor, Department of War Studies, King’s College London.
  6. FROM ‘ENTREPRENEURIAL’ TO ‘CONGLOMERATE’ CAPITALISM, Harish Damodaran, National Editor (Rural Affairs and Agriculture), ‘The Indian Express’.
  7. BANKING ON BAILOUTS, Srikanth Srinivas, former journalist with ‘The Economic Times’ and ‘BW Businessworld’, Mumbai.
  8. REORIENTING REAL ESTATE, Kshitij Batra, CEO and Co-Founder, Terra Economics & Analytics Lab (TEAL), Bangalore.
  9. STATE AND CAPITAL IN INDIA TODAY, Sebastian Morris, Professor, Indian Institute of Management Ahmedabad.
  10. THE RUSTY FRAME OF INDIAN STATE CAPITALISM, Elizabeth Chatterjee, Senior Research Associate, University of Chicago Booth School of Business, UK and Rohit Chandra, Assistant Professor, IIT Delhi, Visiting Fellow, Centre for Policy Research.
  11. BUSINESS-BUREAUCRACY CONUNDRUM, Puja Mehra, journalist and author, Delhi.
  12. THE EMERGENCE OF A DIFFERENT ORDER?, Suyash Rai, Fellow, Carnegie India.
  13. BUSINESS-MEDIA RELATIONS IN INDIA, Sandeep Bhushan and Paranjoy Guha Thakurta, journalists, in conversation with Rahul Verma, CPR.
  14. WORKING TOGETHER: THE IMPORTANCE OF TRUST, Luis Miranda, Co-Founder and Chairman, Indian School of Public Policy.
  15. THE FABLE OF A MAP: A REVIEW ESSAY, Siddharth Singh, Editor-at-large at ‘Open Magazine’, Delhi.