Colonialism and Indian Economy

Oxford Collected Essays

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This volume examines the economic and social consequences of colonial rule in India. It covers several aspects of economy like gross domestic product, regional growth, de-industrialization, relations between agriculture and economy, demographic changes, land tax and property rights, market relations and bondage, and notions of authority. It explores the mechanisms that generated and sustained resource flow catapulting Britain and other capitalist countries to global dominance. Amiya K. Bagchi surveys the writings on economic history of colonial India and provides a theoretical framework to locate India's economic experience. Investigating areas like East India Company's monopoly trade, drain of wealth, deindustrialization, agricultural productivity and change, living standards, and emergence of civil society he also shows how India structurally adjusted itself to the changing economic dynamics. This book will be of considerable interest to scholars, teachers, and students of modern Indian history and economics.

ABOUT THE AUTHOR Amiya Kumar Bagchi

Renowned economist and historian Amiya Kumar Bagchi was educated at Presidency College, Calcutta, and Trinity College, Cambridge, UK. He has taught and researched at Presidency College, Calcutta; University of Cambridge, UK; Cornell University USA; University of Bristol, UK; Maison des Sciences de l'Homme, Paris; Roskilde University, Denmark; and University of Naples, Italy. He has been director of the Centre for Studies in Social Sciences, Calcutta. Professor Bagchi has authored Private Investment in India 1900-1939 (Cambridge University Press, 1972), The Political Economy of Underdevelopment (Cambridge University Press, 1982), Public Intervention and Industrial Restructuring in China, India and Republic of Korea (ILO, ARTEP), and a four-volume history of India's oldest and biggest commercial bank, State Bank of India (published by Oxford University Press and Sage). He has edited, among others, the following volumes: (with Nirmala Banerjee) Change and Choice in Indian Industry (1981), New Technology and the Workers'Response (1995), Economy and Organization: Indian Institutions under the Neo-liberal Regime (1999), Democracy and Development (1995), and (with R. Bhargava and RL Sudarshan) Multiculturalism, Liberalism and Democracy (1999).