Global Capitalism And The Indian Economy

Global Capitalism and the Indian Economy  locates the recent history of liberalization in India within the longer history of global capitalism. It takes a panoramic view of the linkages between the Indian economy and world capitalism: the developments in the nineteenth century, the breakdown of British hegemony after the Depression of the 1930s, the nature of the post-war boom and the subsequent phase of recession. By analysing the structural shifts within the world economy, the tract critiques the process, the nature and implications of India's integration to this global system.


While expressing strong reservations about the nature of the current reforms and the haste with which they are being pushed, the tract argues in favour of an alternative framework within which globalization and liberalization can occur. This tract is essential reading for anyone concerned about the present and the future of the Indian economy.