State and Capital in Independent India Institutions and Accumulations

This book presents a historical account of the relationship between state and capital from independence to the liberalization episodes of the 1980s and after. It provides a focused analysis of the organization of business houses, corporate governance structures, labour laws, and the institution of the family and personal laws, and explains the institutional basis of regional differences in accumulation and uneven development in independent India. By addressing questions of agrarian, capital, technology and fiscal constraints which were characteristic of the economy at independence, this book provides an insightful study of the political economy of the role of changing social relations in India after independence.

Figures; Tables; Acknowledgements; 1. Introduction; 2. Globalization and neoliberalism: the context and the debate; 3. Five propositions on the Indian transition state and capital in independent India: the problematic; 4. Policy regimes and macroeconomic outcomes: 1947–66; 5. Institutionalization of the regime of capital in India: 1947–66; 6. Continuity and change in capital accumulation: 1966–80; 7. Sources of accumulation: state intervention and non-intervention; 8. 'Old oligopolies and new entrants' in the pharmaceutical sector; 9. Conclusion; Index.

Chirashree Das Gupta teaches at the Centre for the Study of Law and Governance at Jawaharlal Nehru University, New Delhi. Her research interests are the political economy of institutions, economic history and the history of economic thought.