Economic Challenger Issue 82 Jan-Mar 2019 | Page 5

TRANSFORMATIONAL LEADERSHIP THROUGH POLICY INITIATIVES: THE CASE STUDY OF INDIA Authored & Compiled by :-Professor (Dr.) Trilok Kumar Jain | Director, Ecosystem for Innovation and Entrepreneurship, Dean, ISBM (Faculty of Management), Suresh Gyan Vihar University Jaipur, Promotor – Rishabh Dev Educational Society and Knowledge Creators. ABSTRACT This paper is a review of the present policies of the government of India. The major policies since 2014 have been considered. Based on analysis and observations, the author finds some shifts in the policies. The author contends that the policy shifts may take India to a leadership role. Based on the review of the economic and political scenario, the author contends that there seems to be a major shift in overall policies and framework, which may take India towards a leadership role. The author contends that there are positive indications that the future will prove that the present policies would be a transformational leadership move. KEYWORDS: governance, policy, economy, India, leadership INTRODUCTION Transformational leadership refers to taking initiatives towards complete change in the roles and overall approach. It refers to initiatives towards influencing others towards positive soc ial development. Transformat ional leadership is applicable to both individuals and organizations. When an individual is taking up transformational leadership, the role is that of influencing others towards creating such measures which can help in the overall development of the organization through team building, concept development and positive initiatives. When we talk about organizational or institutional leadership, we refer to the role of the organization / institution towards the overall environment. Here we refer to transformational leadership as the role of Indian government in the overall economic development and in international scenario through its policy initiatives. Economic Challenger// Issue 82, January-March 2019 Governments are supposed to be a symbol of leadership; however, most governments end up being a bureaucratic institution. They are not able to undertake major changes in their working. Governments need a major shift, if they have to improve their impact. This requires a change in their overall policy framework and overall working style. Change in governance calls for change in the overall policy framework. Thus, there is a need of policy shift for the transformation of governance. Governments need to revise their working systems and introduce new methods of working. This has been implemented in many governments and t h o s e g ove r n m e n t s h ave t ra n s fo r m e d themselves. They have achieved transformational leadership in our context. Here in this paper, we look at the case study of India. India has also achieved transformational leadership through policy shifts. This paper reviews the significant shifts in policies and Transformational leadership through Policy Initiatives 3