Abstract
World is moving from socialist to capitalist’s mode of economy with an objective of fostering development with unabated pace for which nations are searching alternative approach of development. New institutional economics (NIE) is one such approach that has emerged recently which addresses issues of economic growth from a wide range ofperspectives such as political, cultural, legal, behavioral and social. The present-day NDA Government in India, led by Shri Narendra Modi is an epitome of this. This paper is exploratory and attempts an in-depth analysis of how the Modi Government has positioned the Indian economy on the trajectory of institutional development. His government has created both formal and informal institutional framework for creating, regulating, transforming markets and auguring the economy. In fact, Modi government plank for institutional development is aimed at fostering the mission of sowing the seeds of capitalism and India’s growth take-off.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: ACADEMICIA: An International Multidisciplinary Research Journal
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
