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Which of these statements are made by Rahul Mukherjee in his book Political Economy of Reforms…

Political Science · Political Processes in India UGC NET 2023 Political Science
Which of these statements are made by Rahul Mukherjee in his book Political Economy of Reforms in India?
  • 1. India's economy does follow the typical East Asian Path
  • 2. BoP crisis of 1991 was an internal shock
  • 3. Ideational changes of 1980s were important to understand globalization of economy in 1991
  • 4. State-driven nationalization demand a powerful state
A1 & 2 only
B2 only
C3 & 4 only ✓ Correct
D4 only
Correct answer: (C) 3 & 4 only — In this book Rahul Mukherji emphasises the ideational changes of the 1980s and the need for a capable state, so statements 3 and 4 are the keyed answer.
Explanation
In this book Rahul Mukherji emphasises the ideational changes of the 1980s and the need for a capable state, so statements 3 and 4 are the keyed answer.
His central thesis is that a shift in the ideas of policy makers during the 1980s prepared the path for the 1991 reforms and later globalization.
He treats India as following its own distinctive trajectory rather than simply copying the typical East Asian export-led model, so statement 1 is rejected.
He links the 1991 reforms to both external pressures and internal policy learning rather than to a purely internal shock, which is why statement 2 is set aside.
The book stresses that even market reform in India was driven through a strong, embedded state, supporting the idea behind statement 4.
For NET, attach Mukherji to the ideational explanation of the 1991 reforms and to the role of a capable Indian state.

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