REFERENCES
- Ahmed, W. (2010). Neoliberalism, Corporations, and Power: Enron in India. Annals of the Association of American Geographers, 100(3), 621–639. https://doi.org/10.1080/00045601003794965
- Ahmed, W. (2017). Governing foreign direct investment: Post-Enron initiatives in India. Review of Radical Political Economics, 50(1), 5–23. https://doi.org/10.1177/0486613416668650
- Anand, R., & Tulin, V. (2014). Disentangling India’s investment slowdown, IMF Working Papers, 2014(47), 1–18. https://www.elibrary.imf.org/view/journals/001/2014/047/article-A001-en.xml
- Azad, R., Bose, P., & Dasgupta, Z. (2017). ‘Riskless’ capitalism in India. Economic and Political Weekly, 52(31), 85–98. https://www.epw.in/journal/2017/31/review-issues/%E2%80%98riskless-capitalism%E2%80%99-india.html
- Azad, R., & Chakraborty, S. (Eds.). (2019). A quantum leap in the wrong direction? Orient Blackswan.
- Banerjee, A. (2015). Neoliberalism and Its Contradictions for Rural Development: Some Insights from India. Development and Change, 46(4), 1010–1022. https://doi.org/10.1111/dech.12173
- Baran, P. A., & Sweezy, P. M. (1966). Monopoly capital: an essay on the American economic and social order. Monthly Review Press.
- Baranes, A. I. (2017). Financialization in the American pharmaceutical industry: A Veblenian approach. Journal of Economic Issues, 51(2), 351–358. https://doi.org/10.1080/00213624.2017.1320895
- Baranes, A. I. (2018). Veblen’s theory of political evolution and the ultimatum game: A radical institutionalist understanding of 2016 presidential election. Theory in Action, 11(3), 1–23. https://doi.org/10.3798/tia.1937-0237.1815
- Bardhan, P. (1999). The political economy of development in India. Expanded ed. Oxford: Oxford University Press. https://global.oup.com/academic/product/the-political-economy-of-development-in-india-9780195647709?lang=en&cc=az
- Basu, K., Eichengreen, B., & Gupta, P. (2015, August). From tapering to tightening: The impact of the fed’s exit on India. In S. Shah, A. Panagariya, & S. Gokarn (Eds.), India policy forum (Vol. 11, pp. 1–66). National Council of Applied Economic Research.
- Bertrand, M., Mehta, P., & Mullainathan, S. (2002). Ferreting out tunneling: An application to Indian business groups. The Quarterly Journal of Economics, 117(1), 121–148. https://doi.org/10.1162/003355302753399463
- Bhaduri, A. (2008). Predatory growth. Economic and Political Weekly, 43(16), 10–14. https://www.jstor.org/stable/40277628?casa_token=Zchnfxx4HlIAAAAA%3AJDMOt7t7uKpPmSsJgYaAv6HRR8X3hw5zmBhct-6hcZW2zbi6BUNJqs4NN50J2FAOYCXvOIUSie6RMlzN341M8qeiK0F5El_nVKGa1xfGKz90i59XAmh5Wg&seq=1#metadata_info_tab_contents
- Bhagwati, J., & Panagariya, A. (2013). Why growth matters: How economic growth in India reduced poverty and the lessons for other developing countries. Public Affairs.
- Boccara, P. (1977). Études sur le capitalism monopoliste d’État, sa crise et son issue [Studies of state monopoly capitalism, its crisis and its outcome] (3rd ed.). Editions Sociales.
- Bosworth, B., & Collins, S. M. (2015). India’s growth slowdown: End of an Era? India Review, 14(1), 8–25. https://doi.org/10.1080/14736489.2015.1001268
- Bruff, I. (2014). The rise of authoritarian neoliberalism. Rethinking Marxism, 26(1), 113–129. https://doi.org/10.1080/08935696.2013.843250
- Chancel, L., & Piketty, T. (2019). Indian income inequality, 1922‐2015: From British Raj to Billionaire Raj? Review of Income and Wealth, 65(S1), 33–62. https://doi.org/10.1111/roiw.12439
- Chandra, R., & Walton, M. (2020). Big potential, big risks? Indian capitalism, economic reform and populism in the BJP era. India Review, 19(2), 176–205. https://doi.org/10.1080/14736489.2020.1744997
- Chang, H. J., & Grabel, I. (2004). Reclaiming development from the Washington consensus. Journal of Post Keynesian Economics, 27(2), 273–291. https://www.tandfonline.com/doi/abs/10.1080/01603477.2004.11051434
- Chhibber, P. K., & Verma, R. 2014. It is Modi, not BJP that won this election. The Hindu, June 1. https://www.thehindu.com/opinion/op-ed/Itis-Modi-not-BJP-that-won-this-election/article11640727.ece
- Cochrane, D. T., & Monaghan, J. (2013). ‘A degree of control’: Corporations and the struggle against South African Apartheid. In T. Di Muzio (Ed.), The capitalist mode of power critical engagements with the power theory of value (pp. 82‐98). Routledge.
- Crabtree, J. (2018). The Billionaire Raj: A journey through India’s new gilded age. London: Oneworld Publications.
- Crotty, J., & Lee, K.-K. (2002). A political–economic analysis of the failure of neo-liberal restructuring in post-crisis Korea. Cambridge Journal of Economics, 26(5), 667–678. https://doi.org/10.1093/cje/26.5.667
- Dasgupta, Z. (2020). Economic slowdown and financial fragility: The structural malaise of India’s growth process. Economic and Political Weekly, 55(13), 46–53. https://www.epw.in/journal/2020/13/money-banking-and-finance/economic-slowdown-and-financial-fragility.html
- Desai, R. (2015a). Introduction: From the neoclassical diversion to geopolitical economy. In Theoretical engagements in geopolitical economy (Research in Political Economy (Vol. 30A, pp. 1–44). Emerald Group.
- Desai, R. (2015b). Introduction: The materiality of nations in geopolitical economy. World Review of Political Economy, 6(4), 449–458. https://www.jstor.org/stable/10.13169/worlrevipoliecon.6.4.0449
- Desai, R. (2016). The slow-motion counterrevolution: Developmental contradictions and the emergence of neoliberalism. In K. Nielsen & A. Nilsen (Eds.), Social movements and the state in India. Rethinking international development series (pp. 25–51). Palgrave Macmillan.
- Dunford, M. (2021). Global reset: The role of investment, profitability, and imperial dynamics as drivers of the rise and relative decline of the United States, 1929–2019. World Review of Political Economy, 12(1), 50–85. https://doi.org/10.13169/worlrevipoliecon.12.1.0050
- Economic and Political Weekly. (2014). Anger, aspiration, apprehension [Editorial]. Economic and Political Weekly, 49(21), 7–8. https://www.epw.in/journal/2014/21/editorials/anger-aspiration-apprehension.html
- Economic Survey. (2018). Economic Survey 2017-18. Ministry of Finance. Government of India.
- Economic Survey. (2020). Economic Survey 2019–2020. Ministry of Finance, Government of India. .
- Economic Survey. (2021). Economic Survey 2020–2021. Ministry of Finance, Government of India.
- Edkins, J. (2002). Mass starvations and the limitations of famine theorising. IDS Bulletin, 33(4), 12–18. https://doi.org/10.1111/j.1759-5436.2002.tb00039.x
- Foster, J. B. (2009). The theory of monopoly capitalism: An elaboration of Marxian political economy. New York, NY: Monthly Review Press. https://monthlyreview.org/product/theory_of_monopoly_capitalism/
- Gandhi, A., & Walton, M. (2012). Where do India’s billionaires get their wealth? Economic and Political Weekly, 47(40), 10–14. https://www.epw.in/journal/2012/40/commentary/where-do-indias-billionaires-get-their-wealth.html
- Ghatak, M., Ghosh, P., & Kotwal, A. (2014). Growth in the time of the UPA. Economic & Political Weekly, 49(16), 34–43. https://www.epw.in/journal/2014/16/insight/growth-time-upa.html
- Ghatak, M., & Mukherjee, U. (2019). The mirage of modinomics. India Forum. https://www.theindiaforum.in/article/mirage-modinomics
- Ghosh, J. (2015). Growth, industrialisation and inequality in India. Journal of the Asia Pacific Economy, 20(1), 42–56. https://doi.org/10.1080/13547860.2014.974316
- Ghosh, J., & Chandrasekhar, C. P. (2009). The costs of ‘coupling’: The global crisis and the Indian economy. Cambridge Journal of Economics, 33(4), 725–739. https://doi.org/10.1093/cje/bep034
- Glassman, J. (1999). State power beyond the `territorial trap’: The internationalization of the state. Political Geography, 18(6), 669–696. https://doi.org/10.1016/S0962-6298(99)00013-X
- Glassman, J. (2006). Primitive accumulation, accumulation by dispossession, accumulation by ‘extra-economic’ means. Progress in Human Geography, 30(5), 608–625. https://doi.org/10.1177/0309132506070172
- Gowda, M. V. R., Sharalaya, N. (2016). Crony capitalism and India’s political system. In N. Khatri & A. K. Ojha (Eds.), Crony capitalism in India: Palgrave studies in Indian management (pp. 131–158). Palgrave Macmillan.
- Gramsci, A. (1992). The Modern Prince. In Q. Hoare & G. Nowell-Smith (Eds.). Selections from prison notebooks (11th ed., pp. 123–202). International Publishers.
- Harvey, D. (2007). A brief history of neoliberalism. Oxford University Press.
- The Economist. (2020, May 23). India Inc’s profits increasingly belong to a tiny clutch of companies: Elephants in the room. The Economist. https://www.economist.com/business/2020/05/21/india-incs-profits-increasingly-belong-to-a-tiny-clutch-of-companies
- Jakimow, T. (2014). ‘Breaking the backbone of farmers’: Contestations in a rural employment guarantee scheme. The Journal of Peasant Studies, 41(2), 263–281. https://doi.org/10.1080/03066150.2014.890932
- Jessop, B. (1982). The Capitalist State. New York University Press.
- Kant, R. (2021). The man at the center of India’s shift to oligarchy. Asia Times. https://asiatimes.com/2021/04/the-man-at-the-center-indias-shift-to-oligarchy/
- Kar, S., & Sen, K. (2016). The political economy of India’s growth episodes. Palgrave Macmillan.
- Keen, D. (1991). A disaster for whom? Local interests and international donors during famine among the Dinka of Sudan. Disasters, 15(2), 150–165. https://doi.org/10.1111/j.1467-7717.1991.tb00444.x
- Keen, D. (1997). A rational kind of madness. Oxford Development Studies, 25(1), 67–75. https://doi.org/10.1080/13600819708424122
- Keynes, J. M. (2018). The general theory of employment, interest, and money. Palgrave Macmillan.
- Klein, N. (2007). The shock doctrine: The rise of disaster capitalism. Metropolitan Books.
- Kotwal, A., & Sen, P. (2019). What should we do about the Indian Economy? A wide-angled perspective. The India Forum. https://www.theindiaforum.in/article/what-should-we-do-about-indian-economy
- Mazzucato, M. (2013). The Entrepreneurial State: Debunking public vs. private sector myths. Anthem Press.
- Mohan, R., & Kapur, M. (2015). Pressing the Indian growth accelerator: Policy imperatives. International Monetary Fund.
- Nagaraj, R. (2013). India’s dream run, 2003–08: Understanding the boom and its aftermath. Economic and Political Weekly, 48(20), 38–51. https://www.jstor.org/stable/23527367
- Nagaraj, R. (2020). Understanding India’s economic slowdown: Need for concerted action. The India Forum. https://www.theindiaforum.in/article/understanding-india-s-economic-slowdown
- Naudet, J., & Dubost, C. L. (2016). The Indian exception: The densification of the network of corporate interlocks and the specificities of the Indian business system (2000–2012). Socio-Economic Review, 1–30. https://doi.org/10.1093/ser/mwv035
- Nayyar, D. (2013, October 25). Socialist tendencies in UPA Govt’s tenure killing India Inc. India Today. https://www.indiatoday.in/magazine/cover-story/story/20120528-upa-policy-socialist-tendencies-india-inc-telecom-sector-trai-758457-1999-11-30.
- Negri, A. (1988). Keynes and the Capitalist Theory of the State Post-1929, and A. Negri (Ed.), Revolution retrieved: Selected writings on Marx, Keynes, capitalist crisis and new social subjects 1967–83 (pp. 5–42). Red Notes.
- Nilsen, A. G. (2021). India’s trajectories of change, 2004–2019. In V. Satgar & M. Williams (Eds.), Destroying democracy: Neoliberal capitalism and the rise of authoritarian politics (pp. 112–126). Wits University Press.
- Nitzan, J., & Bichler, S. (2009). Capital as power: A study of order and reorder. Routledge.
- O’Hara, P. A. (1993). Veblen’s analysis of business, industry and the limits of capital: An interpretation and sympathetic critique. History of Economics Review, 20(1), 95–119. https://doi.org/10.1080/10370196.1993.11733135
- Organisation for Economic Co-operation and Development (OECD). (2017). OECD economic surveys: India 2017.Paris: OECD Publishing. https://doi.org/10.1787/eco_surveys-ind-2017-en
- Orhangazi, Ö. (2018). The role of intangible assets in explaining the investment–profit puzzle. Cambridge Journal of Economics, 43(5), 1–35. https://doi.org/10.1093/cje/bey046
- Palley, T. (2013). Financialization: What it is and why it matters. In T. Palley (Ed.), Financialisation: The economics of finance capital domination (pp. 17–41). Palgrave Macmillan.
- Panagariya, A. (2008). India: The emerging giant. Oxford University Press.
- Park, H.-J. (2015). Korea’s post-1997 restructuring. Review of Radical Political Economics. https://doi.org/10.1177/0486613415594147
- Park, H.-J., & Doucette, J. (2016). Financialization or capitalization? Debating capitalist power in South Korea in the context of neoliberal globalization. Capital & Class, 40(3), 533–554. https://doi.org/10.1177/0309816816667425
- Patnaik, P. (2009). The value of money. Columbia University Press.
- Post, C. (2014). The roots of working class reformism and conservatism: A response to Zak Cope’s defense of the ‘labor aristocracy’ thesis. In P. Zarembka (Ed.), Sraffa and Althusser reconsidered: Neoliberalism advancing in South Africa, England, and Greece (Vol.29) Research in Political Economy (pp. 241–260). Emerald Group Publishing Limited.
- Pressman, S. (2007). Economic Power, the State, and post-Keynesian economics. International Journal of Political Economy, 35(4), 67–86. https://doi.org/10.2753/IJP0891-1916350404
- Rajan, R. (2014). Finance and opportunity in India. Twentieth Lalit Doshi Memorial Lecture on August 11, 2014, in Mumbai by Raghuram Rajan, Governor of Reserve Bank of India, https://www.rbi.org.in/scripts/FS_Speeches.aspx?Id=908andfn=2754
- Rajan, R. (2018). Note to parliamentary estimates committee on bank NPAs. The Wire. https://thewire.in/banking/raghuram-rajan-npa-parliamentary-committee-modi-government
- Ruparelia, S. (2013). India’s New Rights Agenda: Genesis, Promises, Risks. Pacific Affairs, 86(3), 569–590. https://doi.org/10.5509/2013863569
- Sen, S., & Dasgupta, Z. (2018). Financialisation and corporate investments: The Indian case*. Review of Keynesian Economics, 6(1), 96–113. https://doi.org/10.4337/roke.2018.01.06
- Sirohi, R. A. (2019). From developmentalism to neoliberalism: A comparative analysis of Brazil and India. Palgrave Macmillan.
- Sridharan, E. (2014). Class voting in the 2014 Lok Sabha elections: The growing size and importance of the middle classes. Economic and Political Weekly, 49(39), 72–76. https://www.jstor.org/stable/24480737?casa_token=BcRXTMb8lpEAAAAA%3AVqV0XCetcETQkJbSsTQNlujn_PRMftfZzbyT3MM2vn0j0O6gG3U_eynRQ97WYdRMflN3G5jZ0NUl4NDrIwGMX0V-N5yiIcZeJBCJF0WuW4J4iKyTxq9s1Q
- Streeck, W. (2016). The rise of the European consolidation state. In H. Magara (Ed.), Policy change under new democratic capitalism (pp. 39–58). Routledge.
- Subramanian, A., & Felman, J. (2019). India’s great slowdown: What happened? What’s the way out? (CID Working Paper Series). Center for International Development at Harvard University.
- Subramanian, A., & Felman, J. (2022, January/February). India’s stalled rise: How the state has stifled growth. Foreign Affairs, https://www.foreignaffairs.com/articles/india/2021-12-14/indias-stalled-rise
- Sundar, N. (2020). India’s Unofficial Emergency. In B. Vormann & M. Weinman (Eds.), The emergence of illiberalism. understanding a global phenomenon (pp. 188–201). Routledge.
- Sweezy, P. M. (1946). John Maynard Keynes. Science and Society, 10(4), 398–405. https://www.jstor.org/stable/40399793?casa_token=l4bzlhDW1IMAAAAA%3A2DegHPd5-nvr6lFvZuo2hUdTropz1ts9GbjS_EqISo0i49WELmp7NYi_U_3QA-zeAV0jM7zUVOSlKHWmxupj8CWoejpFwPgbx18XV6Xu6RM_SL2DmoyIUA&seq=1#metadata_info_tab_contents
- Tokuoka, K. (2012). Does the business environment affect corporate investment in India? (IMF Working Paper No 12/70). Washington, DC: International Monetary Fund. www.imf.org
- Veblen, T. (1904). The Theory of Business Enterprise. C Scribner’s Sons. https://archive.org/details/theorybusinesse00veblgoog
- Veblen, T. (1908). On the nature of capital: Investment, intangible assets, and the pecuniary magnate. The Quarterly Journal of Economics, 23(1), 104–136. https://doi.org/10.2307/1883967
- Veblen, T. (1921). Engineers and the price System. B.W. Huebsch.
- Vijayakumar, V. K. (2020, December 20). India seeing multiple monopolistic trends: Prevention better than cure. Economic Times. http://www.ecoti.in/9LO8Va94
- Walker, K. L. M. (2008). Neoliberalism on the ground in rural India: Predatory growth, agrarian crisis, internal colonization, and the intensification of class struggle. Journal of Peasant Studies, 35(4), 557–620. https://doi.org/10.1080/03066150802681963
- Wood, E. M. (2007). Democracy against capitalism; renewing historical materialism. Cambridge University Press.