An Introduction To India Economic Development Since The 19th Century

This book investigates the roots of rapid economic growth of India in recent decades, by exploring historical processes from the late colonial period. Based upon decades-long archival and field research, this book deals with the period from the late nineteenth century to 2013 and offers an integral viewpoint of the economic history of India. While critiquing the conventional understanding that links recent economic growth only with the development of high-tech, export-oriented service sectors under the liberalised economy, the book suggests deeper and wider roots of development that had a cumulative effect in three stages. First, the agrarian development and rural socio-economic changes from the end of the nineteenth century. Second, the state-led import-substitution industrialisation since 1950 that established the industrial foundations for future economic growth. Third, the economic reforms since 1991 that helped technology-intensive industries find new markets with improved quality of production. For the first time available in English, this book by the late Professor Haruka Yanagisawa, who was a leading figure in the South Asia studies collective in Japan, is an important contribution to the academic tradition of economic history of India. It will be of interest to researchers in the field of social and economic history, sociology, anthropology and economies of South Asia.

The history of Indian economic thought provides rich insights into both economic issues and the workings of the Indian mind. A History of Indian Economic Thought provides the first overview of economic thought in the sub-continent. Arguing that it would be inappropriate to rely on formal economic analyses it draws on a wide range of sources; epics, religious and moral texts for the early period and public speeches, addresses, and newspaper articles for controversies from the nineteenth century onwards. What emerges is a rich mosaic reflecting India's different cultures and civilizations. Hinduism, Buddhism and Islam all address economic issues and British colonial rule had a deep impact, both in propagating Western economic ideas and in provoking Indian theories of colonialism and underdevelopment. The author concludes with chapters on Ghandian economics and on Indian economic thought since Independence.

Though India has been left behind such Asian economic rivals as China and Japan, the country appears to have entered a phase of long-term economic expansion that will help it catch up. The Rise of India proposes a coming boom by examining new and very significant changes in Indian policy, demography, telecommunications, globalization, consumer behavior, and financial markets. These issues will drive the economic expansion of India as it begins to compete with other nations, creating big changes - and a billion new consumers - in the global economy.· Fear Over The Valley · A Century Of Lost Opportunities · People Power · India Calling · The Global Agenda · The Financial Revolution · The Yogi And The Consumer · Reforms For The Poor The Acid Test · The Dark Side Of The Moon