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Private Investment in India 1900–1939


  • Page extent: 496 pages
  • Size: 228 x 152 mm
  • Weight: 0.72 kg


 (ISBN-13: 9780521052757)

This book deals with the history of private investment in India and its determinants during the period 1900-1939. It develops a simple theoretical framework in its first part and tries to isolate the influence on private investment in India of factor supplies, as against demand conditions. In the second part, all the major manufacturing industries of the period are studied in detail. Most of the analytical apparatus used is developed from orthodox economic theory, but a heavy emphasis is placed on Keynesian ideas. Finally, the author presents a case study in the economic relations between an imperial power (Britain) and a dependent colony (India). He also examines the social relations between the ruling race and the Indians, and provides one of the few detailed accounts of the mechanics of imperialism.


List of tables; Preface; Abbreviations; Part I. General - Theoretical Framework: 1. Introduction; Appendix to chapter 1; 2. The economic policy of the Government of India; 3. The record of aggregate private industrial investment in India, 1900–1939; 4. Land and the supply of raw materials; Appendix to chapter 4; 5. The supply of unskilled labour; 6. The supply of capital and entrepreneurship; Part II. Studies of Major Industries: 7. The development of the cotton-mill industry; 8. Private investment in the jute industry; 9. The growth of the iron and steel industry; 10. The growth of private engineering firms; 11. The cement industry; 12. The growth of the sugar industry; 13. The development of the Indian paper industry; 14. British imperial policy and the spread of modern industry in India; Bibliography; Index.

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