The Economic History of India 1857 to 2010 4th Edition

From the end of the eighteenth century, two global processes began to transform livelihoods and living conditions in the South Asia region. These were the rise of British colonial rule, and the integration of the region in the emerging world markets for goods, capital, and labour services, or globalization. Two hundred years later, India was the home to many of the world’s poorest people. India was also one of the fastest-growing emerging market economies of the world. Does a study of the past help to explain the paradox of growth amidst poverty? The book claims that the roots of the paradox did go back to India’s colonial past, when internal factors like geography and external forces like globalization and imperial rule created prosperity in some areas and poverty in others. This revised edition of a popular textbook sets out the key questions that a study of long-run economic change in India should begin with, shows how historians have answered these questions, and where the gaps remain. An essential guide for students of economics, history, and development studies, and a profitable read for anyone interested in India’s economic past. From the end of the eighteenth century, two distinct global processes began to transform livelihoods and living conditions in the South Asia region. These were the rise of British colonial rule and globalization, that is, the integration of the region in the emerging world markets for goods, capital, and labour services. Two hundred years later, India was the home to many of the world's poorest people as well as one of the fastest growing market economies in theworld. Does a study of the past help to explain the paradox of growth amidst poverty? The Economic History of India: 1857-2010 claims that the roots of this paradox go back to India's colonial past, when internal factors like geography and external forces like globalization and imperial rule createdprosperity in some areas and poverty in others From the end of the 18th century, two distinct global processes began to transform livelihoods and living conditions in the South Asia region. These were the rise of British colonial rule and globalization, that is, the integration of the region in the emerging world markets for goods, capital, and labour services. 200 years later, India was the home to many of the world's poorest people as well as one of the fastest growing market economies in the world. Does a study of the past help to explain the paradox of growth amidst poverty? 'The Economic History of India' claims that the roots of this paradox go back to India's colonial past, when internal factors like geography and external forces like globalization and imperial rule created prosperity in some areas and poverty in others Title Page Dedication Preface to the Fourth Edition Tables, Figures, and Maps Abbreviations Exchange Rate, 1800–1947 1 Introduction 2 Transition to Colonialism 3 The Pattern of Economic Growth 4 Agriculture 5 Small-Scale Industry 6 Large-Scale Inudustry 7 Plantations, Mines, Banking 8 Infrastructure 9 How the Government Worked 10 Population 11 The Economy and the Environment 12 The Princely States 13 Indian Economy after Independence 14 Conclusion Primary Sources Further Readings Index