State Capitalism and State-owned Enterprises: The Case of India

Indian Journal of Public Administration 2026

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Authors: R.K. Mishra, Arun Kumar Rath, Hans Christiansen, Ananda Das Gupta, J. Kiranmai, Shulagna Sarkar
DOI: 10.1177/0169796x261429224
Cited by: 0
References: 10

Abstract

This article examines the origin, concept, theory and policy implications of state capitalism. It aims to assess, in the Indian context, how effectively state capitalism achieves its objectives and influences the operation of state-owned enterprises (SOEs). The research identifies the factors determining the viability of state capitalism. The growth, development and effects of state capitalism on the operations of SOEs in India are then thoroughly examined in the article. The study describes the processes and strategies that, under the statist model, enable SOEs to function exceptionally well compared to their counterparts in the private sector.

Fields of Study & Subjects

Indian Economic and Social Development State Capitalism and Financial Governance China's Socioeconomic Reforms and Governance

Publication details

Journal / source
Indian Journal of Public Administration
Volume
72
Issue
1
Pages
42–54
Publication date
1 March 2026
Language
EN