Munich Personal RePEc Archive

Industrialization, Dirigisme and Capitalists: Indian Big Business from Independence to Liberalization

Mazumdar, Surajit (2012): Industrialization, Dirigisme and Capitalists: Indian Big Business from Independence to Liberalization. Published in: NMML OCCASIONAL PAPER HISTORY AND SOCIETY New Series , Vol. NA, No. 7 (2012)

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Abstract

This paper examines the interaction between the development and transformation of Indian big business, the trajectory of Indian industrialization and the course of the interventionist policy which provided its background between independence and the shift to a liberal economic policy regime in the early 1990s. Specifically it focuses on how the process of transformation impacted on and worked through diverse firms in different stages of the industrialization process. The paper shall reinforce the broad case that studying that period and the development of the Indian corporate world over it is critically important for developing a proper understanding of the historical origins of Indian liberalization and the subsequent trajectory of Indian capitalist development.

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