Analyzing the Diversity of a Large Emerging Market: Sectoral Politics in India’s Multi-level Political Economy

Abstract Like other large emerging markets, India’s economy cannot be understood without explaining significant sectoral variations within manufacturing and services. Diverse and persistent sectoral patterns reveal the inadequacies of a dirigisme-liberalization frame that relies on a state versus market dichotomy adopted by most analyses of India’s political economy. Rather, each sector combines state and markets in diverse ways. Focusing on sectors, however, is not enough. This paper’s contribu