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

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  • Mazumdar, Surajit

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.

Suggested Citation

  • Mazumdar, Surajit, 2012. "Industrialization, Dirigisme and Capitalists: Indian Big Business from Independence to Liberalization," MPRA Paper 93158, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:93158
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    File URL: https://mpra.ub.uni-muenchen.de/93158/1/MPRA_paper_93158.pdf
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    References listed on IDEAS

    as
    1. Mazumdar, Surajit, 2010. "Big Business and Economic Nationalism in India," MPRA Paper 28160, University Library of Munich, Germany.
    2. Stephanie Jones, 1992. "Merchants of the Raj," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-12538-8, March.
    3. Mazumdar, Surajit, 2011. "The State, Industrialization and Competition: A reassessment of India's Leading Business Enterprises under Dirigisme," MPRA Paper 47810, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Indian Industrialization; Business Groups; Capitalism;
    All these keywords.

    JEL classification:

    • N85 - Economic History - - Micro-Business History - - - Asia including Middle East
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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