000			01964nam a22001577a 4500
999			_c25325 _d25325
020			_a9780199457595
082			_a338.954 _bTYA-F
100			_aTyabji, Nasir
245			_aForging capitalism in Nehru's India _b:neocolonialism and the state,c.1940-1970
260			_aNew Delhi _bOxford University Press, _c2015
300			_axxviii, 172p.
520			_athe prospects for industrial development in the early years of independent India were plagued by a number of interrelated issues. Indian industrialists of the post-independence era had either evolved from the ranks of merchants and moneylenders of the colonial period or from wartime speculators and hoarders. in general, their interests lay in short-term speculative gains rather than in sustained industrial growth. in addition, the impoverished condition of the peasantry resulted in the prospects of attractive returns through the diversion of urban resources to the rural moneylending market. let alone preventing fresh industrial investment, this diversion bled the industrial sector of funds to cover even the replacement costs of plant and machinery. finally, because of the nexus long established between some sections of the owners of capital and the congress party, decisive corrective intervention by the government after independence became a problematic political task. this volume examines the processes by which these problems, exacerbated by colonial nonchalance, were comprehended by the political executive in independent india, and shows how measures of social engineering were attempted in order to reform the more extreme cases of capitalist cupidity.
650			_aMixed economy _aCapitalism--Political aspects _aNehru, Jawaharlal, 1889-1964 _vEconomic history _vPolitics and government _vOrigin of state _zIndia
650			_aPolitical Process _aAdministrative and political divisions _vDemography _vLinguistic geography
942			_2ddc _cBK