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Transfer of Economic Power in Corporate Calcutta, 1950–1970

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  • Roy, Tirthankar

Abstract

Between 1950 and 1970, the ownership of some of the largest business conglomerates in India changed from British to Indian hands. Almost without exception, the firms formerly under the management of British conglomerates saw bankruptcy, nationalization, relative decline in corporate ranking, and on rare occasions, reinvention of identity. In Indian business history scholarship, this episode is underresearched, even though hypotheses on the transfer-cum-decline exist. Combining a new source, legal documents, with conventional ones, this article revisits the episode and suggests revisions to current hypotheses.

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  • Roy, Tirthankar, 2017. "Transfer of Economic Power in Corporate Calcutta, 1950–1970," Business History Review, Cambridge University Press, vol. 91(1), pages 3-29, April.
    • Handle: RePEc:cup:buhirw:v:91:y:2017:i:01:p:3-29_00
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    Cited by:

    1. Aldous, Michael & Roy, Tirthankar, 2018. "Reassessing FERA: examining British firms’ strategic responses to ‘Indianisation’," LSE Research Online Documents on Economics 89975, London School of Economics and Political Science, LSE Library.
    2. Rahul A Sirohi, 2024. "Corporate power and the rise of intangibles: A study of Indian firms," Environment and Planning A, , vol. 56(3), pages 865-882, May.

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