India Shining: The Impact of Economic Reforms on Indian Elections
The untimely dissolution of the Ninth Lok Sabha constituted after the 1989 general elections led to the 1991 mid-term Lok Sabha election in India. Though, like the previous election, no political party could win a majority, the single largest political party, the Congress, formed the coalition government. At that conjuncture the Indian economy was at a crossroads, facing a severe balance-of-payments (BOP) crisis due to both internal and external factors. Among the former was the political and social instability that triggered the flight of capital. The failure of export to grow created the BOP crisis, which happened despite an attempt by the Rajiv Gandhi government ...