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THE POLITICAL-BUSINESS NEXUS: A GROWTH IN INDIA FROM ANCIENT TO MODERN AGE

Biju Mundayatan, Dr. Rohit Beniwal

Page No. : 25-28

ABSTRACT

The political-business nexus in India has a long and complex history, evolving from patron-client relationships in ancient times to a more formalized system of influence in the modern era. This paper examines this evolution, exploring how the nexus has impacted economic growth. The research finds that the nexus has played a significant role in India’s economic development, fostering infrastructure projects, industrialization, and attracting foreign investment. However, the paper also acknowledges potential drawbacks, such as corruption, cronyism, and unequal distribution of benefits. The analysis concludes that the nature of the political-business nexus in India has a significant influence on economic growth, and achieving sustained development requires a balance between promoting business activity and ensuring transparency and accountability.

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