Peripheral capitalism in India its perilous future
By: Murthy, R.V. Ramana
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Material type: 
BookPublisher: Contributions to Indian Social Science Description: 40(2), Apr-Jun, 2021: p.368-383.Subject(s): Employment, Social Sciences
In:
Contributions to Indian Social ScienceSummary: The present economic impasse of the inability to create employment for large sections of the society and achieving a degree of manufacturing growth need to be analysed in historical terms of colonisation, domestic capital and, incomplete structural transformation. Two hundred years of colonial rule allowed a constrained capitalism into the early 20th century and post-independent growth is marked by a passive bourgeois revolution over a moribund semi-feudalism. Globalisation has given residual opportunities and a limited momentum to break out of the low income trap. The essay traces the trajectory of India's capitalist development through global and domestic vicissitudes to the present imbroglio of the middle-income trap. The essay was read as a keynote address to the Thematic Panel on Political Economy of India, organised by the 43rd Conference of Indian Social Science Congress Feb 2020. – Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 40(2), Apr-Jun, 2021: p.368-383 | Available | AR125721 |
The present economic impasse of the inability to create employment for large sections of the society and achieving a degree of manufacturing growth need to be analysed in historical terms of colonisation, domestic capital and, incomplete structural transformation. Two hundred years of colonial rule allowed a constrained capitalism into the early 20th century and post-independent growth is marked by a passive bourgeois revolution over a moribund semi-feudalism. Globalisation has given residual opportunities and a limited momentum to break out of the low income trap. The essay traces the trajectory of India's capitalist development through global and domestic vicissitudes to the present imbroglio of the middle-income trap. The essay was read as a keynote address to the Thematic Panel on Political Economy of India, organised by the 43rd Conference of Indian Social Science Congress Feb 2020. – Reproduced
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