The complex and hard-fought movement for political freedom in India coincided with the rise of a wealthy capitalist class of Indian industrialists who had profited under British rule. By 1947, these prominent businessmen had forged a partnership with the socialist-led Indian National Congress, and supported Jawaharlal Nehru's implementation of a centrally-planned economy. In this political history of modern India, David Lockwood traces the roots of this capitalist class, concentrated in Bombay, Calcutta and the west Bengal coal mining region, and examines British economic policy in the nineteenth century. Indian capitalists, such as J.R.D Tata of Tata Steel, established powerful relationships with domestic governments throughout the period, holding indigenous industrial conferences and supporting the swadeshi movement which aimed to promote Indian-manufactured goods. The Indian Bourgeoisie is a unique and important contribution to the lively debate on the role of India's capitalists during the Raj and throughout the early years of independence.

A New Economic History of Colonial India provides a new perspective on Indian economic history. Using economic theory and quantitative methods, it shows how the discipline is being redefined and how new scholarship on India is beginning to embrace and make use of concepts from the larger field of global economic history and economics. The book discusses the impact of property rights, the standard of living, the labour market and the aftermath of the Partition. It also addresses how education and work changed, and provides a rethinking of traditional topics including de-industrialization, industrialization, railways, balance of payments, and the East India Company. Written in an accessible way, the contributors – all leading experts in their fields – firmly place Indian history in the context of world history. An up-to-date critical survey and novel resource on Indian Economic History, this book will be useful for undergraduate and postgraduate courses on Economic History, Indian and South Asian Studies, Economics and Comparative and Global History.

The purpose of this book, first published in 1982, is to probe the nature of the state in India and the role played by it in the evolution of the social economy, particularly in the growth of industry. In fact, the problematic of the state and its relationship with socio-economic progression or regression is a dialectic process. What this book does is attempt to unravel this dialectic, by following the theory and method of Maxism.

Studying firms and entrepreneurs over three centuries, this book unravels the historical roots of the impressive business growth witnessed in contemporary India.

This book reconsiders the nature and formation of Asia's economic order during the 1930s and 1950s in light of the new historiographical developments in Britain and Japan. Recently several Japanese economic historians have offered a new perspective on Asian history, arguing that economic growth was fuelled by the phenomenon of intra-Asian trade which began to grow rapidly around the turn of the 19th-20th centuries. On the other side, British imperial historians, P.J. Cain and A.G. Hopkins, have presented their own interpretation of 'gentlemanly capitalism', in which they emphasize the leading role of the service sector rather than that of British industry in assessing the nature of the British presence overseas. In order to assess and test these new perspectives, this volume addresses three key issues. The first is to reconsider the metropolitan-peripheral relationship in Asia, focusing particularly on the role of the sterling area and its implications for Asian economic development. The second is to examine the formation of inter-regional trade relations within Asia in the 1930s and their revival and transformation in the 1950s. The final issue is the comparison of the international order of Asia of the 1930s with the 1950s, and the degree to which the Second World War represented a break-point in Asia's economic development. Dealing with issues of trade, economy, nationalism and imperialism, this book provides fresh insights into the development of Asia during the mid-twentieth century. Drawing on the latest scholarship it will prove invaluable to all who wish to better understand the position of countries such as Japan, China, India, Singapore, Malaysia and Korea within the wider international order.

The idea has become popular that industrialisation in East Asia, in particular Japan, was fundamentally differently from Western industrialization because it would have been much more labour-intensive. This book shows that this claim is unfounded.

This book examines the economic success of the industrializing economies of East Asia. Judged in terms of economic growth, or by a combination of economic and welfare criteria, this group of East Asian countries has established a clear lead over other developing areas of the world.

This is a study of the political and economic activities of an important group of British businessmen in India between 1850 and 1960. Though denounced by Indian nationalists as the economic arm of the British Raj, the firms of these `Managing Agents' seemed unassailable before the First World War. However, during the inter-war period they rapidly lost their commanding position to both Indian and other foreign competitors. Dr Misra argues that the failure of these firms was, in part, the consequence of their particular (and ultimately self-defeating) attitudes towards business, politics, and race. She casts new light on British colonial society in India, and makes an important contribution to current debates on the nature of the British Empire and the causes of Britain's relative economic decline.

A history of artisan production in colonial and post-independence India, and its role in the country's society and economics.