Survey on Political Confidence as a Factor in Economic Growth: Northeast India

Abstract

Feng found that political institutions (operationalized in terms of political repression, political instability and policy uncertainty) do matter for economic growth by constraining individuals’ decisions in their marketplace (Feng, 2003, p. 296). Political stability is also an important element among the World Governance Indicators developed by Kaufmann et al. as part of the World Bank project to assess good governance in 1996. Economic well-being is also dependent on political stability and consistency in governance policy. Loss of economic and political confidence is therefore accepted as a factor affecting economic well-being of a society. How far these hypotheses are supported or negated by evidence from Northeast region of India that has witnessed insurgency for six decades now is the object of enquiry in this chapter. Alongside pure economic indicators such as Gross State Domestic Product (GSDP) and FDI, this article looks at the play of political factors like stability of governments in the representative democratic paradigm sanctioned by the Constitution of India in the Northeastern states of India during the decade 2006–2016.

Citation

Srinivasan, R. (2019), "Survey on Political Confidence as a Factor in Economic Growth: Northeast India", Das, R.C. (Ed.) The Impact of Global Terrorism on Economic and Political Development, Emerald Publishing Limited, Leeds, pp. 341-352. https://doi.org/10.1108/978-1-78769-919-920191027