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Synopsis The political events in India since 1989 have exposed the instability inherent in the parliamentary form of government when it comes to dealing with coalitions. It is well recognised fact that the effective political stability is an essential requisite for the successful functioning of a federal government based on parliamentary democracy. Unfortunately, the credibility of coalition governance in contemporary India has suffered a grievous blow in the last 15 years or so with the murky politics. In the context of fluid political situation prevailed in India after 1996 Lok Sabha elections, general question about the stability of coalition government is being raised. What is the rationale behind the suitability of the coalition theory for India? Are the coalition governments at the centre giving the enough leeway to effectively exercise its authority? After 60 years of functioning of the Constitution and its modification for nearly 100 plus times, is India in a position to assert that the present Constitution will fulfill the democratic aspirations and expectations of the people? How can the coalition system be regenerated? It is true that our experience of nearly six decades has shown that the quality of governance in India has gone down considerably? The time has come to ponder over the aforesaid misconceptions in a serious manner, in the light of our coalition experience, and make such changes which may be found necessary to ensure good and stable governance at the Centre. The book also deals with the pre-requisites of development agenda like good governance, polity and inclusive growth and development in a realistic manner. Discussing political stability with a balanced perspective and advocating it as an essential instrument for good governance and development in contemporary India, this book will be considerable interest to policy makers, administrators, researchers, parliamentarians and political scientists.