European traders first appeared in India at the end of the fifteenth century and began exporting goods to Europe as well as to other parts of Asia. In a detailed analysis of the trading operations of European corporate enterprises such as the English and Dutch East India Companies, as well as those of private European traders, this book considers how, over a span of three centuries, the Indian economy expanded and was integrated into the pre-modern world economy as a result of these interactions. The book also describes how this essentially market-determined commercial encounter changed in the latter half of the eighteenth century as the colonial relationship between Britain and the subcontinent was established. By bringing together and examining the existing literature, the author provides a fascinating overview of the impact of European trade on the pre-modern Indian economy which will be of value to students of Indian, European and colonial history.

European traders first appeared in India at the end of the fifteenth century and established corporate enterprises in the region, such as the English and Dutch East India companies. This volume considers how, over a span of three centuries, the Indian economy expanded and was integrated into the premodern world economy as a result of these interactions. By documenting the existing literature, the author provides a fascinating overview of the impact of European trade on the precolonial Indian economy that will be of value to students of Indian, European and colonial history.

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

The spectacular rise in world trade following the great discoveries of the closing years of the fifteenth century had important implications for each of the major segments of the newly emerging early modern international economy. As far as Asia was concerned, the commercial operations of the European corporate enterprises as well as private traders in the Indian Ocean region between the sixteenth and the eighteenth centuries had far-reaching consequences for the economies and the polities of the countries of the region. Asian merchants engaged in the Indian Ocean trade interacted with the European intruders into the Ocean in a variety of ways. The twenty-one essays included in this volume are firmly embedded in original archival sources. They deal mainly with issues arising out of the Europeans' commercial presence in the Indian Ocean region and the interaction they had with their Asian counterparts. The volume discusses how over a span of three centuries, the Indian economy was integrated into the world economy as a result of these interactions. The macroeconomic implications of the European encounter for the Indian economy are analysed in detail. Another important area explored at some length is the monetary history of the subcontinent in the early modern period. This collection of essays will be of interest of the historians of India and of the Indian Ocean. It will also have a great deal of appeal for the historians of early modern Asia as well as Europe. Those interested in what is being increasingly described as world history will also find the volume useful.

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 aim of Bengal: The British Bridgehead is to explain how, in the eighteenth century, Britain established her rule in eastern India, the first part of the subcontinent to be incorporated into the British Empire. Though the British were not in firm control of Bengal, Bihar and Orissa until 1765, to illustrate the circumstances in which they gained power and elucidate the Indian inheritance that so powerfully shaped the early years of their rule, professor Marshall begins his analysis around 1740 with the reign of Alivardi Khan, the last effective Mughal ruler of eastern India. He then explores the social, cultural and economic changes that followed the imposition of foreign rule and seeks to assess the consequences for the peoples of the region; emphasis is given throughout as much to continuities rooted deep in the history of Bengal as to the more obvious effects of British domination. The volume closes in the 1820s when, with British rule firmly established, a new pattern of cultural and economic relations was developing between Britain and eastern India.

A unique examination of the development of the modern Indian economy over the past 150 years.

By accessibly recounting and analyzing the unique experience of institutions in colonial Indiawhich were influenced heavily by both British Common Law and indigenous Indian practices and traditionsLaw and the Economy in Colonial India sheds new light on what exactly fosters the types of institutions that have been key to economic development throughout world history more generally. The culmination and years of research, the book goes through a range of examples, including textiles, opium, tea, indigo, tenancy, credit, and land mortgage, to show how economic laws in colonial India were shaped neither by imported European ideas about how colonies should be ruled nor indigenous institutions, but by the practice of producing and trading. The book is an essential addition to Indian history and to some of the most fundamental questions in economic history."

"First published 1978"--T.p. verso. Includes bibliographical references and index.