Essays By Leading Scholars Presents India`S Engagement With The World Economy, And The Ways In Which It Was Transformed And Deepened During The 19Th And Early 20Th Centuries. Some Essays Shift The Discussion Toward The Interweaving And Mutually-Reinforcing Contexts Of Colonialism And Contemporary `Globalization`.

This enthralling book offers a new approach to Indian economic history, placing trade and mercantile activity in the region within a global framework.

The majority of workers in South Asia are employed in industries that rely on manual labour and craft skills. Some of these industries have existed for centuries and survived great changes in consumption and technology over the last 150 years. In earlier studies, historians of the region focused on mechanized rather than craft industries, arguing that traditional manufacturing was destroyed or devitalized during the colonial period, and that modern industry is substantially different. Exploring new material from research into five traditional industries, Tirthankar Roy s book contests these notions, demonstrating that while traditional industry did evolve during the Industrial Revolution, these transformations had a positive rather than destructive effect on manufacturing generally. In fact, the book suggests, the major industries in post-independence India were shaped by such transformations. Tirthankar Roy s book offers new and penetrating insights into India s economic and social history.

In recent decades, private investment has led to an economic resurgence in India. But this is not the first time the region has witnessed impressive business growth. There have been many similar stories over the past 300 years. India's economic history shows that capital was relatively expensive. How, then, did capitalism flourish in the region? How did companies and entrepreneurs deal with the shortage of key resources? Has there been a common pattern in responses to these issues over the centuries? Through detailed case studies of firms, entrepreneurs, and business commodities, Tirthankar Roy answers these questions. Roy bridges the approaches of business and economic history, illustrating the development of a distinctive regional capitalism. On each occasion of growth, connections with the global economy helped firms and entrepreneurs better manage risks. Making these deep connections between India's economic past and present shows why history matters in its remaking of capitalism today.

In this series of interconnected essays, Rajnarayan Chandavarkar offers a powerful revisionist analysis of the relationship between class and politics in India between the Mutiny and Independence. Dr Chandavarkar rejects the 'Orientalist' view of Indian social and economic development as exceptional and somehow distinct from that prevailing in capitalist societies elsewhere, and reasserts the critical role of the working classes in shaping the pattern of Indian capitalist development. Sustained in argument and elegant in exposition, these essays represent a major contribution not only to the history of the Indian working classes, but to the history of industrial capitalism and colonialism as a whole. Imperial Power and Popular Politics will be essential reading for all scholars and students of recent political, economic, and social history, social theory, and cultural and colonial studies.--Publisher description.

This book explores the historical roots of rapid economic growth in South Asia, with reference to politics, markets, resources, and the world economy. Roy posits that, after an initial slow period of growth between 1950 and the 1980s, the region has been growing rapidly and fast catching up with the world on average levels of living. Why did this turnaround happen? Does it matter? Is it sustainable? The author answers these questions by drawing connections, comparisons, and parallels between the five large countries in the region: India, Pakistan, Bangladesh, Sri Lanka and Nepal. It shows why, despite differences in political experience between these countries, similarities in resources and markets could produce similar trajectories. Home to a fifth of the world’s population, South Asia’s transformation has the power to change the world. Most accounts of the process focus on individual nations, but by breaking out of that mould, Roy takes on the region as a whole, and delivers a radical new interpretation of why the economy of South Asia is changing so fast.

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

South Asian History has enjoyed a remarkable renaissance over the past thirty years. Its historians are not only producing new ways of thinking about the imperial impact and legacy on South Asia, but also helping to reshape the study of imperial history in general. The essays in this collection address a number of these important developments, delineating not only the complicated interplay between imperial rulers and their subjects in India, but also illuminating the economic, political, environmental, social, cultural, ideological, and intellectual contexts which informed, and were in turn informed by, these interactions. Particular attention is paid to a cluster of binary oppositions that have hitherto framed South Asian history, namely colonizer/colonized, imperialism/nationalism, and modernity/tradition, and how new analytical frameworks are emerging which enable us to think beyond the constraints imposed by these binaries. Closer attention to regional dynamics as well as to wider global forces has enriched our understanding of the history of South Asia within a wider imperial matrix. Previous impressions of all-powerful imperialism, with the capacity to reshape all before it, for good or ill, are rejected in favour of a much more nuanced image of imperialism in India that acknowledges the impact as well as the intentions of colonialism, but within a much more complicated historical landscape where other processes are at work.

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