Aditya Balasubramanian, "Toward a Free Economy: Swatantra and Opposition Politics in Democratic India" (Princeton UP, 2023)

In Toward a Free Economy: Swantantra and Opposition Politics in Democratic India (Princeton University Press, 2023), Aditya Balasubramanian charts the birth and rise of a political ideology rooted in the tenets of ‘free market’ economics, and the loosely associated ideas of neoliberalism, conservatism, and libertarianism. Balasubramanian offers an altogether fresh origin story for this movement that is often framed as a Cold War North Atlantic export to the rest of the poorer, developing world championed by the International Monetary Fund backed Washington consensus. In his compellingly told and richly layered account, we are not only given one of the few comprehensive histories of the Swantantra (“Freedom”) Party and its tryst with democratic electoral politics in newly independent India, but we are also shown how the most important facets of this moment in history cannot simply rely on a narrative woven around party politics. This results in a focus on what Balasubramanian calls “economic consciousness,” and exposes us to a vast, multifarious archival base that spans print, visual, and urban cultures, economists’ papers, government films, and much more that palpably reconstructs how economic ideals floated in the political arena also circulated in and were propped up by the wider public sphere in southern and western India. The Swantantra Party emerged in the late 1950s, as a response to the Indian National Congress Party’s (INC) purported hegemony in independent India’s constitutional democratic structure. The party encouraged Indians to break with the INC, which spearheaded the anticolonial nationalist movement and now dominated Indian democracy. Rejecting heavy-industrial developmental state and the accompanying rhetoric of socialism that was seen as emblematic of INC, Swatantra promised “free economy” through its project of opposition politics. As the “free economy” idea was disseminated across various genres and cultures, it took on meanings that varied by region and language, caste, and class, and won div