Governing Foreign Direct Investment: Post-Enron Initiatives in India

Abstract

Since the initiation of the New Economic Policy in 1991, India’s power policy illustrates the crystallization of a form of situated rationality that relies on capitalist competitiveness and foreign investment for growth and development. This paper, using critical discourse analysis, examines the resettlement of the Enron/Dabhol Power Project to highlight how this situated rationality represents power/knowledge that “legitimizes” prioritization of international capital, erosion of national sovereignty, and facilitates capitalist exploitation.