Global Journal of Management and Business Research, B: Economics and Commerce, Volume 22 Issue 4

Figure 2: India mean chart of A2-LokSabha Absolute Concentration of Power in Rajya Sabha: Similarly, for 1984 Rajya Sabha election, the ruling party (Congress) had 159 seats out of total of 244 seats. Hence, the Ruling Alliance’s Absolute Concentration of Power (A1) is given as 65.16 percent (159/244*100=0.6516*100=65.16 percent). Figure 3: India mean chart of A1-RajyaSabha The major opposition party (BJP) won only 12 seats. Whereas, the opposition coalition parties won 14 seats. Hence, a coalition of opposition parties was formed (12+14=26 seats). The Opposition Alliance’s Absolute Concentration of Power (A2) is given as 10.66 percent (26/244*100=0.1066*100=10.66 percent). Figure 4: India mean chart of A2-RajyaSabha 24.95 24.95 24.95 14.98 14.98 14.98 14.98 14.98 37.24 37.24 46.64 46.64 46.64 46.64 46.64 34.44 34.44 47.05 32.78 32.78 32.78 32.78 32.78 34.25 34.25 34.25 34.25 34.25 27.81 27.81 27.81 27.81 27.81 20.33 20.33 20.33 20.33 30.51 0 10 20 30 40 50 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 Absolute Concentration of Power – Opposition Alliance (LA2-Lok Sabha) LA2 MEAN 50.82 62.30 62.30 65.16 65.16 57.55 57.55 44.08 37.96 37.96 50.20 50.20 51.02 51.02 30.61 30.61 33.06 33.06 30.20 30.20 40.82 40.82 48.57 48.57 46.53 46.53 48.16 48.16 48.57 48.57 24.49 24.49 26.94 26.94 4.09 0 10 20 30 40 50 60 70 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 Absolute Concentration of Power – Ruling Alliance (RA1-Rajya Sabha) RA1 MEAN 7.79 10.66 10.66 10.66 10.66 10.61 10.61 15.10 15.10 40.41 40.41 30.20 30.20 33.88 33.88 20.41 20.41 39.59 39.59 37.55 37.55 40.00 40.00 30.61 30.61 28.98 28.98 26.12 26.12 24.08 24.08 22.86 22.86 56.73 56.73 54.69 54.69 29.03 0 10 20 30 40 50 60 1… 1… 1… 1… 1… 1… 1… 1… 1… 1… 2… 2… 2… 2… 2… 2… 2… 2… 2… Absolute Concentration of Power – Opposition Alliance (RA2-Rajya Sabha) RA2 MEAN How Political Stability Affects Economic Growth in India 25 Global Journal of Management and Business Research Volume XXII Issue IV Version I Year 2022 ( ) B © 2022 Global Journals