The Economy of Modern India, 1860-1970This is the first comprehensive and interpretative account of the history of economic growth and change in colonial and post-colonial India. Dr. Tomlinson draws together and expands on the specialist literature dealing with imperialism, development and underdevelopment, the historical processes of change in agriculture, trade and manufacture, and the relations among 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. Tomlinson argues that India has thus had an underdeveloped economy, with weak market structures and underdeveloped institutions, which has since 1860 profoundly influenced the social, political and ecological history of South Asia. |
Contents
Introduction development and underdevelopment in colonial India | 1 |
Agriculture 18601950 land labour and capital | 30 |
Trade and manufacture 18601945 firms markets and the colonial state | 92 |
| 156 | |
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Common terms and phrases
acres administration agrarian agricultural Ahmedabad areas Asian balance of payments Bengal Bihar Bombay British rule Calcutta Cambridge capital CEHI cent co-ops colonial India colonial period Company cotton textiles crisis crops cultivation Delhi demand depression domestic dominated early eastern India Economic Development economic history Economy of India employment especially expatriate export famine foodgrains foreign exchange Government of India Green Revolution growth History of India IESHR imperial important increased Indian agriculture Indian economy institutions inter-war investment irrigation jute labour land landlords late nineteenth London manufacturing Meghnad Desai ment million mills modern moneylenders national income networks nineteenth century official organisation output peasant Political Economy population problems production profits Punjab railway regions result revenue rice sector sharecropping South Asia steel structure Studies subsistence supply surplus tenants trade twentieth century underdeveloped village wheat World yarn zamindars