Rapid economic growth has put India at the centre of current debates about the future of the global economy. In this fully revised and updated text, B. R. Tomlinson provides a comprehensive and wide-ranging account of the Indian economy over the last 150 years. He sets arguments about growth, development and underdevelopment, and the impact of imperialism, against a detailed history of agriculture, trade and manufacture, and the relations between business, the economy and the state. The new edition extends the coverage right up to the present day, and explains how one of the largest countries in the world has sought to achieve economic progress and lasting development, despite institutional weaknesses, rigid structures of political and social hierarchy, and the legacy of colonialism.
B. R. Tomlinson is Emeritus Professor of Economic History at the School of Oriental and African Studies, University of London.
Preface to the second edition; Preface to the first edition; 1. Introduction: growth and development in the long run; 2. Agriculture, 1860-1950: land, labour and capital; 3. Trade and manufacture, 1860-1945: firms, markets and the colonial state; 4. The state and the economy, 1939-80; 5. Breaking the mould? Economic growth since 1980; Index.