IESET.
Drift overview·IND

India

≈ stable15 movements coded · 19092024·final composite drift: +1.0
tone legendleft / state-expansionright / marketcentrist / mixedauthoritarian

Composite statist-drift trajectory with movements

fiscal axes — what moved and which way

sectoral subsidyspending leveltax corporatetax progressivitytransfer expansion

regulatory axes — what moved and which way

financial deregulationproduct market competitionsectoral licensingtrade openness

monetary axes — what moved and which way

central bank independencemonetary expansion direction

institutional axes — what moved and which way

judicial independenceproperty rightsrule of law

Movement timeline (15)

YearMovement
1909–1947Late Raj constitutional devolution and state-building (India)
india_late_raj_constitutional_devolution_1909_1947
1947–1951Congress founding consensus - Constitution and mixed economy (India)
india_constitutional_founding_mixed_economy_1947_1951
1951–1991India pre-1991 planned-economy / License Raj
india_swadeshi_economic_nationalism_pre_1991
1977–1979Janata Party Desai government post-Emergency (India)
india_janata_desai_1977_1979
1980–1984Indira Gandhi return — INC(I) statist consolidation (India)
india_indira_return_1980_1984
1984–1989Rajiv Gandhi Congress — technocratic early liberalisation (India)
india_rajiv_gandhi_congress_1984_1989
1989–1990V.P. Singh Janata Dal National Front minority (India)
india_vp_singh_jd_1989_1990
1990–1991Chandra Shekhar Samajwadi Janata Party minority (India)
india_chandra_shekhar_1990_1991
1991–1996Narasimha Rao INC — Manmohan Singh 1991 liberalisation (India)
india_narasimha_rao_inc_1991_1996
1998–2004Vajpayee BJP/NDA — liberal-Hindutva reformist coalition (1998-2004)
india_vajpayee_nda_1998_2004
2004–2009Manmohan Singh UPA-I — rights-based welfare plus liberalisation continuity (2004-2009)
india_manmohan_singh_upa_i_2004_2009
2009–2014Singh UPA-II — rights-based entitlement expansion (India)
india_singh_upa_ii_2009_2014
2014–2024Modi first + second term — Hindutva-economic-nationalism + supply-side reform (India)
india_modi_first_second_term_2014_2024
2016–2017Modi demonetisation + GST rollout
modi_demonetisation_gst_2016_2017
2024Modi third term — coalition NDA 3.0 (India)
india_modi_third_term_2024_present