Mains issueGS-3Editorials19 October 2026

Evolution of Government-Business Relations and Corporate Governance in India

An aspirant should be able to analyze the historical evolution of government-business relations in India, understanding the rationale behind past criticisms of big businesses and drawing parallels with contemporary issues of corporate governance and economic regulation.

Source: indianexpress.comOriginal report

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Why now

The historical context of government's stance on big businesses in 1986 provides a crucial backdrop to understanding the evolution of India's economic policy and the ongoing debates around corporate responsibility, crony capitalism, and regulatory oversight in the present era.

Core issue

The article, inferred from its title, likely discusses then Prime Minister Rajiv Gandhi's criticism of big businesses in 1986. This historical event would highlight the government's perspective on corporate practices, issues like monopolies, black money, and the role of the private sector within India's pre-liberalization economic framework.

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