Deakin University
Browse

Unsettling India: affect, temporality, transnationality

Version 2 2024-06-17, 20:35
Version 1 2016-09-28, 11:39
journal contribution
posted on 2024-06-17, 20:35 authored by R Varman
In the last 20 years, India has witnessed visible, and often acrimonious, contests between global and local, modernity and tradition, markets and the State. The economic domain has seen a shift from a protected capitalist economy that tried to mix planning with a market-based economy, to a regime increasingly marked by neoliberalism and declining welfare state. This is a period of high economic growth, prosperity for some groups, and an increase in inequality levels in the country. We also witness an ongoing agrarian crisis in rural India, where the majority lives, contributing to more than 200,000 farm suicides in the last two decades. In the political domain, there is a distinct rightward shift with an unprecedented rise of Hindu majoritarianism that has recently culminated in the elevation of Narendra Modi to the post of Prime Minister. On the one hand, the new India is trying to be assertive as it tries to find its place as a global power and is stridently militaristic in its geopolitical interactions. On the other hand, it is trying to integrate into the global capitalist economy to catch up with the richer nations of the world as it strives for greater growth. In the socio-cultural sphere, marketization comes mixed with emphases on Hindu notions of good life and India’s mythical past, as the country witnesses a heady cocktail of religion and neoliberal capitalism that defines its political economy.

History

Journal

Consumption markets and culture

Volume

19

Pagination

504-507

Location

Abingdon, Eng.

ISSN

1025-3866

Language

eng

Publication classification

CN Other journal article

Copyright notice

2016, Taylor & Francis

Issue

5

Publisher

Taylor & Francis