Political Economy of Criminalization and Corruption

align="left">The recent election results in Maharashtra and byelections in states reinforce the disturbing trends in our political economy. In Maharashtra, India’s leading industrial state with the highest per capita income among major states, neither of the major parties have shown the vision and sense of purpose to transform the economy and governance. With political process increasingly losing its legitimacy, a one-time mafia don, Arun Gawli, and a few others with notorious record of crime, have become law-makers.