Since initiation of Economic Reforms, India has moved towards adopting the market economy model. We now stand at the threshold of what is called the Second Generation of Economic Reforms. But in order to precipitate it, India requires efficient Government machinery and administrative set-up which is able to initiate, facilitate and drive this process. This ultimately requires the political structure and process to act as the driver of economic and social change. But far from being a change drier, the political class of India actually poses a potent threat to establishment of a mature market economy in India. The need then is to reform the political structure, accompanied by reforming Government machinery and Administrative set-up. The Political reform process would involve changes at different levels brought about in a sequence of phases. Each generation would involve a revolution at a different plane, from ideological to strategic and operational. I have attempted to analyze the genesis of these reforms and the role they would play in establishment of a robust market economy model in India.

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