Catalogues and explains India's late, late industrial revolution through a combination of rigorous analysis and entertaining anecdotes.

There is a paradox at the heart of the Indian economy. Indian businessmen and traders are highly industrious and ingenious people, yet for many years Indian industry was sluggish and slow to develop. One of the major factors in this sluggish development was the command and control regime known as the License Raj. This regime has gradually been removed and, after two decades of reform, India is now awakening from its slumber and is experiencing a late, late industrial revolution. This important new book catalogues and explains this revolution through a combination of rigorous analysis and entertaining anecdotes about India's entrepreneurs, Indian firms' strategies and the changing role of government in Indian industry. This analysis shows that there is a strong case for a manufacturing focus so that India can replicate the success stories of Asian countries such as Japan, South Korea and China.

Why were some countries able to build "developmental states" in the decades after World War II while others were not? Through a richly detailed examination of India's experience, Locked in Place argues that the critical factor was the reaction of domestic capitalists to the state-building project. During the 1950s and 1960s, India launched an extremely ambitious and highly regarded program of state-led development. But it soon became clear that the Indian state lacked the institutional capacity to carry out rapid industrialization. Drawing on newly available archival sources, Vivek Chibber mounts a forceful challenge to conventional arguments by showing that the insufficient state capacity stemmed mainly from Indian industrialists' massive campaign, in the years after Independence, against a strong developmental state. Chibber contrasts India's experience with the success of a similar program of state-building in South Korea, where political elites managed to harness domestic capitalists to their agenda. He then develops a theory of the structural conditions that can account for the different reactions of Indian and Korean capitalists as rational responses to the distinct development models adopted in each country. Provocative and marked by clarity of prose, this book is also the first historical study of India's post-colonial industrial strategy. Emphasizing the central role of capital in the state-building process, and restoring class analysis to the core of the political economy of development, Locked in Place is an innovative work of theoretical power that will interest development specialists, political scientists, and historians of the subcontinent.

In the late 1800s, Indians seemed to be a people left behind by the Industrial Revolution, dismissed as “not a mechanical race.” Today Indians are among the world’s leaders in engineering and technology. In this international history spanning nearly 150 years, Ross Bassett—drawing on a unique database of every Indian to graduate from the Massachusetts Institute of Technology between its founding and 2000—charts their ascent to the pinnacle of high-tech professions. As a group of Indians sought a way forward for their country, they saw a future in technology. Bassett examines the tensions and surprising congruences between this technological vision and Mahatma Gandhi’s nonindustrial modernity. India’s first prime minister, Jawaharlal Nehru, sought to use MIT-trained engineers to build an India where the government controlled technology for the benefit of the people. In the private sector, Indian business families sent their sons to MIT, while MIT graduates established India’s information technology industry. By the 1960s, students from the Indian Institutes of Technology (modeled on MIT) were drawn to the United States for graduate training, and many of them stayed, as prominent industrialists, academics, and entrepreneurs. The MIT-educated Indian engineer became an integral part of a global system of technology-based capitalism and focused less on India and its problems—a technological Indian created at the expense of a technological India.

This book discusses the role historical events played in determining the pattern of growth of Indian manufacturing. Two important historical events significantly influenced the course of Indian manufacturing from the 15th century AD. The first was the arrival of European merchants via sea route pioneered by Vasco-da-Gamma in 1498 and the other was the dawn of the Mughal Empire in 1526. The book explores how these two events provided the appropriate stimulus for the emergence of traditional flexible manufacturing in India and how they played a vital role in the pattern of growth of the Indian manufacturing: The Mughal Empire created an integrated economy of continental size whereas European trading companies expanded the commercial connectivity of the Indian economy and South East Asia. It further investigates how the circumstances created by the colonial administration, factor endowment and market conditions created the complex forms of manufacturing enterprises that India inherited at the time of independence. It is a valuable resource for students of history, economic history, business history and the history of technology.

The Birth of an Indian Profession is the first comprehensive history of engineers in modern India. Charting the development of the engineering profession in the country from 1900 to 1947, it explores how engineers, their roles, and their organization were transformed during the politically tumultuous interwar years. Through detailed case studies of engineers in public works, railways, and private industry, the book argues that the profession, once dominated by expatriate British engineers closely associated with the state, saw an increasing proportion of Indian members, and an emerging emphasis on industrial engineering. In the process, it fashioned for itself an Indian identity. Turning the spotlight on practitioners of technology and their professional lives, Ramnath explores several themes including the work culture of engineers, their conception of their own identity, their status in society, and their relationship with the evolving colonial state. In so doing, he provides a fresh perspective on the history of science and technology in twentieth-century India.

World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

This one-volume thematic encyclopedia examines life in contemporary India, with topical sections focusing on geography, history, government and politics, economy, social classes and ethnicity, religion, food, etiquette, literature and drama, and more. Modern Indian, an addition to the Understanding Modern Nations series, is an in-depth and interdisciplinary encyclopedia. While many books on life in India exist today, this volume is unique as a concise, accessible overview of multiple aspects of Indian society and history. It will be a useful background or supplemental text for anyone interested in modern Indian life and culture. Individual chapters address all aspects of life in 21st-century India, from geography and history to economy and religion to etiquette and sports. Each chapter begins with an overview, followed by entries on, for example, major political parties or literary works. Each overview and entry is self-contained and accompanied by an up-to-date Further Reading list.

This book uses a combination of business history and political economy to chart the development of Indian business organisation from independence in 1947 through to the twenty-first century. The Indian economy has undergone a dramatic transformation to become one of the leading global economies of the twenty-first century. After ending colonialisation and gaining independence in 1947, the economy moved from a reliance on the export of raw materials to an era of state-promoted development, followed by an era of liberalisation and integration in the world economy by the close of the twentieth century. This book looks at traditional industries, such as textiles, to industries of the second and third industrial revolution, ranging from chemicals and oils to telecommunications. This book highlights how Indian businesses proved capable of importing both new managerial ideas and organisational developments while adapting them to the specific domestic context. The case studies underline the use of human resource management in the post-colonial ‘indianisation’ of foreign-owned multinationals and the rise of new business organisation and management training in the development of Indian multinational organisations such as Tata Sons. The chapters in this book were originally published as a special issue of Business History.

Lost Glory: India's Capitalism Story deconstructs India's industrialization story, challenging contemporary ideas about her economy. Based on careful and detailed empirical analyses of India's industrialization, for a period of almost seven decades, the book provides deeply-nuanced depictions of the history of political economy, that have affected India's industrialization over the course of a century. These dimensions of India's economic history have never before been collated and presented. The presentation takes readers on a definitive evidence-based survey of India's industrial landscape. It includes a detailed historical description of the intellectual origins of India's modern industrialization, anchored in a privileged view of economic policy making. Grounded in deep historical and political analyses, that account for the variations, continuities, and changes in institutional contingencies, the facts derived on India's long-term economic performance are used to put the record straight. The findings of the book will transform debate, and set the agenda for thoughtfully assessing what course the Indian economy needs to follow.