The Economy of Modern India, 1860-1970

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Overview

An analysis of the process of economic change in modern India is central to an understanding of the country's history over the last hundred years. Numerous specialist studies exist on some part of this process - on agricultural development in a peasant society, the imperial impact on colonial income, industrialisation and business history, the implementation of state planning after 1947, and the coming of the 'green revolution' to South Asia. In this volume in The New Cambridge History of India, Dr Tomlinson draws together and expands upon the disparate literature to provide a comprehensive account of the economic history of colonial and post-colonial India. He examines the debates over imperialism development and underdevelopment, and sets them in the context of historical change in agriculture, trade and manufacture, and the relations between business, the economy and the state. What emerges is a picture of an economy in which some output growth and technical change occurred both before and after 1947, but in which a broadly based process of development has been constrained by structural and market imperfections, the manipulation of social and political power to distort access to economic opportunity and reward, shortages of essential resources, including foreign exchange, and inappropriate and debilitating government policies. Tomlinson argues that India has thus had an underdeveloped economy, with weak market structures and underdeveloped institutions, which has in turn profoundly influenced the social, political and ecological history of South Asia. The Economy of Modern India, 1860-1970 offers a concise and coherent account of the characteristics and performance of the modern Indian economy and will be widely read by students and specialists of South Asian studies, development economics and economic history.
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Editorial Reviews

From the Publisher
"Tomlinson's extremely competent book lays out the main strands of this new work (to which he has made his own significant contributions) and draws them together into a relatively coherent whole that is remarkably lucid and satisfyingly undoctrinaire." Morris David Morris, Economic Development and Cultural Change

"...a book of interest not only to South Asianists but also, as Tomlinson points out, to anyone interested in a case study of the difficulties of achieving economic growth and the terrible penalties of misdirected economic policies....Tomlinson provides the reader with a sobering perspective." Blair B. Kling, American Historical Review

"...Tomlinson's arguments...are always engaging...Tomlinson skillfully demonstrates the impact on India of periodic fluctuations in the world capitalist economy from 1824 to 1945 and believes these events largely determined the shape of modern India...required reading for any serious student of India's economy and India's place in development theory." Marc Jason Gilbert, Journal of Developing Areas

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Product Details

  • ISBN-13: 9780521362306
  • Publisher: Cambridge University Press
  • Publication date: 6/1/1993
  • Series: New Cambridge History of India Series
  • Pages: 256
  • Product dimensions: 5.98 (w) x 8.98 (h) x 0.79 (d)

Table of Contents

List of figures
List of maps
List of tables
General editor's preface
Preface
1 Introduction: development and underdevelopment in colonial India 1
2 Agriculture, 1860-1950: land, labour and capital 30
3 Trade and manufacture, 1860-1945: firms, markets and the colonial state 92
4 The state and the economy, 1939-1970: the emergence of economic management in India 156
5 Conclusion 214
Bibliographical essay 219
Index 232
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