A Comparative Analysis of Socio-Economic and Governance Dimensions of Political Regimes in India

Abstract

The purpose of this paper is to concede the significance of good governance and socio-economic performance of different political regimes in India during the time period 1996-2018. The casual research design was employed using a quantitative approach to construct the Governance and socio-economic indices. In order to showcase how the different political parties performed in their respective years of power, the study pioneers in constructing a governance index using data on six worldwide governance indicators (WGI). These indicators seek to address the concerns of policymaking and public audiences by operationalizing such complex, multi-dimensional concepts as access to justice, corruption, and the rule of law, to name a few. A socio-economic index has been devised using various social justice and economic indicators to showcase the effectiveness of the respective ruling parties on the welfare aspect of the society. These indicators were adopted and collated from an array of sources that include governmental, civil society, and international development organizations.