ABSTRACT
For a nation that has suddenly emerged on the world stage as a major regional player and attracted much global attention as one of the fastest growing emerging market economies of the world – along with Brazil, Russia, and China – one might be forgiven for believing that India has also experienced some tremendous change (or even revolution) in its governance system for this to have happened. Nothing of the kind has in fact happened. The World Bank’s Governance Indicators tables for 1996 to 2004 do not show much change in the world ranking of India in any of the six indicators: political stability/no violence; government effectiveness; voice and accountability; regulatory quality; rule of law; and control of corruption (World Bank 2006).
