1. – Scms, Symbiosis International University, Pune, Maharashtra, India.
| Received
11-Apr-2022 |
Accepted
- |
Published
11-Apr-2022 |
Abstract
This article examines Indian IR system
in the post-COVID-19 scenario
through the lens of punctuated
equilibrium theory and suggests
three possible approaches to cope
with the forces and generate and
sustain employment growth through
increased industrial investment.
Theory of punctuated equilibrium
advocates that a stable IR structure
evolves subtly over a period of time.
A swift transformation leads the dismantling
of the old system and establishment
of a new one. The article
provides insights into three
themes: first, Indian IR systems
present deep structure of punctuated
equilibrium, second, why this
deep structure is under threat and
needs a revolutionary change and
third, the way forward to respond
to the intrinsic and extrinsic forces.
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