THE STATE, SOCIETY AND FOREIGN CAPITAL IN INDIA: IDEAS, INTERESTS AND INSTITUTIONAL CHANGES FAVORING FOREIGN DIRECT INVESTMENT IN TAMIL NADU AND ODISHA

Abstract

HOW HAVE THE STATES OF INDIA MANAGED FDI INFLOWS DIFFERENTLY IN THE DISSIMILAR STATE-SOCIETY RELATIONS THAT AFFECT THE EVOLUTION OF ECONOMIC INSTITUTIONS FACILITATING AND REGULATING FDI INFLOWS OVER TIME? THIS THESIS ANSWERS THE QUESTION BY EXAMINING THE RELATIONSHIPS BETWEEN THE STATE, SOCIETY, AND FOREIGN CAPITAL IN TWO SELECT PROVINCIAL STATES OF INDIA?TAMIL NADU AND ODISHA. FOLLOWING AN INTERDISCIPLINARY APPROACH AND ANALYZING DATA COLLECTED THROUGH FIELDWORK, IT EXAMINES THE SOCIO-POLITICAL FACTORS FACILITATING AND REGULATING FDI INFLOWS IN THE TWO STATES. THE PRIMARY OBJECTIVE OF THIS THESIS IS TO UNDERSTAND SUCH SOCIO-POLITICAL FACTORS LIKE THE IDEAS AND INTERESTS OF ACTORS IN RESTRUCTURING INSTITUTIONS FAVORING FDI INFLOWS. THE THESIS ARGUES THAT THE IDEAS OF KEY POLICYMAKERS ON THE NEED FOR FOREIGN CAPITAL AS IMPORTANT FINANCIAL RESOURCES CRITICALLY INFLUENCED THE INSTITUTIONAL CHANGES FAVORING FDI INFLOWS IN THE PROCESS OF INDUSTRIAL DEVELOPMENT NOT ONLY AT THE CENTRAL GOVERN