Global Governance and The KAS Guidelines: The View From India

The document analyzes India's relationship with the KAS guidelines, a framework for global economic governance. It argues that while India supports the guidelines in the realm of financial market regulation, it faces significant domestic hurdles in implementing them within its 'real economy'—specifically regarding agriculture, land rights, and social welfare. The author highlights a tension between India's role as a G-20 member and its internal needs as a developing economy with a large rural population and complex federal politics.

• India's domestic political structure, characterized by a federal system and the influence of regional parties, creates a barrier to adopting the KAS guidelines, as international trade and open market architecture are not priorities for local electorates.
• India's economic profile remains heavily rural and subsidy-dependent, with over 500 million people relying on agriculture, making its needs more aligned with the G-77 developing nations than the G-20.
• India has successfully aligned with KAS guidelines in its financial markets, implementing robust regulation, legal frameworks for settlement, and transparency that have attracted international investors.
• Implementation of KAS guidelines in the 'real economy' is hindered by political sensitivity, particularly regarding private property rights and land acquisition for infrastructure.
• India resists international supervision of competition and open markets in agriculture due to the necessity of protecting its rural vote bank and ensuring food security.
• There is a perceived imbalance in the G-20, where the agenda is dominated by the crises of the US and EU, leaving the specific concerns of emerging economies like India under-represented.

APA

Narayan, S. (2012). Global Governance and The KAS Guidelines: The View From India. South African Institute of International Affairs. https://saiia.org.za/wp-content/uploads/2012/12/Occasional-Paper-130.pdf

Chicago

Narayan, S. Global Governance and The KAS Guidelines: The View From India. South African Institute of International Affairs, 2012. https://saiia.org.za/wp-content/uploads/2012/12/Occasional-Paper-130.pdf.

Wikipedia

{{cite report |last1=Narayan |first1=S |title=Global Governance and The KAS Guidelines: The View From India |publisher=South African Institute of International Affairs |date=December 2012 |url=https://saiia.org.za/wp-content/uploads/2012/12/Occasional-Paper-130.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{narayan2012global, author = {Narayan, S}, title = {{Global Governance and The KAS Guidelines: The View From India}}, institution = {South African Institute of International Affairs}, year = {2012}, month = dec, url = {https://saiia.org.za/wp-content/uploads/2012/12/Occasional-Paper-130.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }